ABP Designation of Beneficiary Form - State of New Jersey - rowan: Fill out & sign online

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Do beneficiary designations override a will?

Many people choose the following beneficiaries: A spouse or long-term partner. Adult children. Other family members or close friends. A trust - a legal entity that manages an inheritance on behalf of your heirs and pays out the money over time, which might be an option if you want minor children to receive assets.

What is the designation of beneficiary form in NJ?

The Designation of Beneficiary form allows a member of a New Jersey Alternate Benefit Program (ABP) or Defined Contribution Retirement Program (DCRP) to nominate a beneficiary, or bene- ficiaries, for benefits payable upon the death of that member.

What is a beneficiary designation form?

class beneficiary designation. Instead of naming each child as a beneficiary in a life insurance policy one can say all children of the insured, all children of the marriage between Mike and Ethel (if there are stepchildren and different plans have been provided for them).

What is an example of a beneficiary designation?

Click on the Benefits tab. Click on the Beneficiaries tab. Click on the Edit button. Enter the information for your beneficiaries.

What is NJ ABP?

The ABP is a tax-sheltered, defined contribution retirement program for certain higher education faculty, instructors, and administrators.

ABP Designation of Beneficiary Form - State of New Jersey - rowan 2025

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