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For active or deferred members of the Alaska

For active or deferred members of the Alaska 2025

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The document provides a comprehensive guide for active and deferred members of the Alaska Public Employees’ Retirement System (PERS) and Teachers’ Retirement System (TRS) regarding the process of designating beneficiaries for their Defined Benefit Plan. It outlines the definitions of active and deferred members, explains the different tiers within PERS and TRS, details how to fill out the beneficiary form, and discusses the implications of designating a spouse or minor child as a beneficiary. Additionally, it emphasizes the importance of updating beneficiary information in response to life changes.

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Click ‘Get Form’ to open it in the editor.
Begin by identifying your membership status as either an active or deferred member. Ensure you understand your tier (I, II, or III) within the PERS or TRS.
Fill in the designated fields for your primary and contingent beneficiaries. You may select multiple beneficiaries and must specify the percentage of benefits each will receive, ensuring that the total equals 100%.
Sign and date the form. Remember, your signature must be witnessed by someone who is not a beneficiary.
If applicable, ensure that your spouse consents to any beneficiary designations outside of themselves by completing the consent section.
Submit your completed form to the division, not your employer, to ensure it is on file correctly.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is Alaska a good retirement state?

The Alaska Public Employees Retirement System (PERS) offers a variety of benefits, including pension and retiree insurance benefits, to members and their survivors.

What is the Alaska deferred compensation program?

The State of Alaska 457 Deferred Compensation Plan (DCP) allows you to set aside and invest a portion of your income for your retirement on a voluntary basis.

Do Alaska state employees get a pension?

Early retirement at age 55 if vested, and normal at age 60 if vested.

What are the benefits of retiring in Alaska?

No state retirement income tax: Alaska does not tax retirement income, which includes pensions, 401(k)s, IRAs, and Social Security benefits. No state sales tax: While Alaska does not impose state sales tax, some cities and boroughs may charge local sales taxes up to 7.85%.

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