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K-799 Designation of Beneficiary pmd

K-799 Designation of Beneficiary pmd 2025

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The document is a beneficiary designation form for the Kansas Public Employees Retirement System (KPERS). It outlines the process for members to designate primary and contingent beneficiaries for retirement benefits, life insurance, and funeral home benefits. The form includes sections for member information, beneficiary details, and instructions on how to complete the form correctly. It emphasizes that only members can designate beneficiaries and provides contact information for assistance.

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What happens to kpers after death?

When you die, your beneficiary will have to contact KPERS to report a death. You can name a person, estate, trust or a funeral establishment to receive your benefit. KPERS does not pay the death benefit automatically.

What happens if I dont designate a beneficiary on my IRA?

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.

What is a designation of beneficiary?

Beneficiary designations allow you to transfer assets directly to individuals, regardless of the terms of your will. Beneficiary designations are often made when a financial account, retirement account, or life insurance policy is established.

What is designation of beneficiary in Pepp?

When you enrol in the Plan, you are required to name a beneficiary. Your beneficiary will receive the death benefit if you die before retiring. As to who can be your beneficiary depends on whether youre single or have a spouse.

What is a beneficiary designation for pension?

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.

How do I fill out a beneficiary designation?

Most beneficiary designations will require you to provide a persons full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

What is a beneficiary designation for an HSA?

If you die with your IRA account and no beneficiary designated, what happens is the plan documents will determine who the default beneficiary is. So, typically, its the decedents estate or the surviving spouse.

K-799 Designation of Beneficiary pmd 2025

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