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Spousal consent for the largest retirement plans in each state. What is spousal ... If a retirement plan requires spousal consent, the spouse must agree to the chosen form of benefit. ... California.
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Spousal consent - pension is a legal requirement where a spouse must give permission for certain pension-related decisions or transactions.
Spousal consent - pension is typically required when a pension holder wants to select a payment option that does not provide a survivor benefit for their spouse.
Spousal consent - pension can usually be filled out by completing a specific form provided by the pension plan administrator and having it signed by the spouse in front of a notary public.
The purpose of spousal consent - pension is to protect the financial interests of the spouse who may otherwise lose access to the pension benefits upon the death of the pension holder.
Spousal consent - pension typically requires basic identifying information about both the pension holder and their spouse, as well as the specific decision or transaction requiring consent.
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