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NAMING OR SUBSTITUTION OF A PENSION BENEFICIARY For Designation of a Pension Beneficiary Section 31

NAMING OR SUBSTITUTION OF A PENSION BENEFICIARY For Designation of a Pension Beneficiary Section 31 2025

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The document outlines the process for naming or substituting a pension beneficiary under the Royal Canadian Mounted Police Superannuation Regulations. It includes instructions for completing the form, privacy notices regarding personal information, and details on eligibility for beneficiaries. The form must be completed electronically or in dark ink, signed by both the participant and a witness, and submitted to the Government of Canada Pension Centre to ensure benefits are payable upon the participant's death.

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What is FERS designation of beneficiary?

This Designation of Beneficiary Form is used to designate who is to receive a lump-sum payment which may become payable under CSRS or FERS. It does not affect the right of any person who is eligible for survivor benefits.

Who can be named as a pension beneficiary?

Your beneficiary can be a person, a charity, a trust, or your estate. Almost any person can be named as a beneficiary, although your state of residence or the provider of your benefits may restrict who you can name as a beneficiary. Make sure you research your states laws before naming your beneficiary.

How do you assign a beneficiary?

Designation Process Upon first opening your financial accounts, companies ask that you provide beneficiary information. If you didnt provide it at that time, you can request the paperwork that allows you to designate one or more beneficiary. Fill it out, sign and date it, and return it to the company.

How to change beneficiary for FERS?

If you are a Federal employee, check with your agencys HR office to obtain the forms to update your designation of beneficiary for CSRS or FERS retirement, Federal Employee Group Life Insurance (FEGLI), and Thrift Savings Plan (TSP) (if you are a FERS employee).

Should I name my child as my pension beneficiary?

Naming Your Child as a Beneficiary Can Saddle Your Childs Guardian with Burdensome Legal Obligations. The guardian of the property has many legal obligations. This person must obtain permission from a judge to buy and sell certain assets and may be required to obtain permission before using the money for the child.

How to fill out a designation of beneficiary form?

Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word trustee, or if you cannot provide a trustee, ETF may accept another contact person. The trustees address.

Where to mail Fegli designation of beneficiary form?

Submit the designation form to: Office of Personnel Management, Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045.

How to designate a FERS beneficiary?

A designation of beneficiary must be in writing, signed, and witnessed. If you are an employee, the designation must be received in your employing office prior to your death.

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