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If you have one of these forms currently on file with CalSTRS you do not need to submit a new change to your recipient designation. Complete and submit this form online using your myCalSTRS account for faster processing. Stepby-step guidance means you complete the form correctly. Identify each as primary or secondary. You may designate a percentage for each recipient. If you use percentages the total must equal 100 percent for the primary recipient section and 100 percent for the secondary reci ...

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (53 Votes)
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2014	4.4 Satisfied (217 Votes)

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Is CalSTRS one-time death benefit taxable?

Depending on your membership status at the time of your death, your beneficiaries may be eligible for the following benefits: One-time death benefit \u2022 Defined Benefit Program account distribution \u2022 Defined Benefit Supplement Program account distribution All survivor benefits are considered taxable income.

Is there a death benefit from CalSTRS?

This form is for designating recipients to receive the death benefits payable in the event of your death under the CalSTRS Defined Benefit Program and the Cash Balance Benefit Program. Print clearly in dark ink or type all information requested and initial any corrections.

What are the 3 types of beneficiaries?

There are different types of beneficiaries; Irrevocable, Revocable and Contingent.

What happens when you are a beneficiary?

The primary beneficiary gets the death benefits if he or she can be found after your death. Contingent beneficiaries get the death benefits if the primary beneficiary can't be found. If no primary or contingent beneficiaries can be found, the death benefit will be paid to your estate.

What is the meaning of type of beneficiary?

There are several types of beneficiaries: Primary beneficiary: an individual who is first in line to receive benefits. Contingent beneficiary: an individual who receives the benefits of an account if the primary beneficiary is deceased, cannot be located, or refuses to accept the assets after the account owner's death.

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