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Click ‘Get Form’ to open the Designation of Beneficiary - Continuation (VRS-2A) in the editor.
Begin by entering your Social Security Number and Employer Code at the top of the form.
In Part A, provide your name and birth date. Ensure accuracy as this information is crucial for identification.
Move to Part B to list additional beneficiaries for basic and optional life insurance. Fill in their full names, addresses, Social Security Numbers, beneficiary types (Primary or Contingent), share percentages, relationships, and birth dates.
Continue to Part C for VRS defined benefit member account retirement contributions. Repeat the same process as in Part B for listing beneficiaries.
Finally, complete Part D by certifying your information with your signature and date.
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What is a beneficiary designation for a retirement plan?
A beneficiary is generally any person or entity the account owner chooses to receive the benefits of a retirement account or an IRA after they die. The owner must designate the beneficiary under procedures established by the plan.
What is the death benefit for VRS retirement?
You can name any living person or an entity, such as an eligible trust or charity, as your beneficiary. You can name one primary beneficiary or multiple. You can also name contingent beneficiaries. However, you must designate beneficiaries separately for your defined benefit plan and defined contribution plans.
Who are the beneficiaries of the Virginia retirement system?
VRS Plan 2 is a defined benefit plan. Under this plan, the retirement benefit is based on age, service credit and average final compensation at retirement using a formula. View list of participating employers.
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Designation of Beneficiary (VRS-2)
If you need to designate additional beneficiaries, list them on the Designation of Beneficiary Continuation (VRS-2A) at the time you complete the VRS-2 and
Federal Register/Vol. 77, No. 146/Monday, July 30, 2012/
Jul 30, 2012 In response to CDE, the Commission also notes that certain swaps would not be subject to the Clearing Requirement under section 2(h)(7) of the
Designation of Beneficiary - Continuation (VRS-2A)
Use this form to designate additional beneficiaries when the number of beneficiaries you desire exceeds the number allowed on the Designation of Beneficiary (
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