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This document allows members of the Arkansas Public Employees Retirement System to designate beneficiaries for their accumulated retirement contributions in the event of their death.

How to fill out arkansas public employees retirement

How to fill out Arkansas Public Employees Retirement System Designation of Beneficiary

1. Obtain the Arkansas Public Employees Retirement System Designation of Beneficiary form from the official website or your HR department.
2. Read the instructions on the form carefully before starting.
3. Fill out your personal information in the designated sections, including your name, address, and member identification number.
4. Designate your beneficiaries by providing their names, relationship to you, and their contact information.
5. Indicate the percentage of the benefit each beneficiary will receive.
6. Sign and date the form to verify the information provided is accurate.
7. Submit the completed form to the Arkansas Public Employees Retirement System or your HR department, following any specific submission guidelines.

Who needs Arkansas Public Employees Retirement System Designation of Beneficiary?

1. Current employees of Arkansas public agencies who are part of the Arkansas Public Employees Retirement System.
2. Retired employees who wish to update their beneficiaries for their retirement accounts.
3. Individuals who are planning to enroll in the Arkansas Public Employees Retirement System and need to designate who will receive benefits in the event of their death.

People Also Ask about

What is a beneficiary designation for employee insurance?

Important Things to Remember about Designations Only the insured can sign the designation of beneficiary. Exception: If you assigned your insurance (using an RI 76-10 Assignment form), only the assignee(s) has(have) the right to make a designation. Your employing office must receive the completed form before you die.

Can you designate a beneficiary for a pension?

The owner must designate the beneficiary under procedures established by the plan. Some retirement plans require specific beneficiaries under the terms of the plan (such as a spouse or child).

Which would be described as a beneficiary designation?

Beneficiary designations are people other than yourself listed to receive ownership, property, or funds for certain types of assets. Assets with a beneficiary designation will pass to the named beneficiary — even if a different person is listed in the will.

What is a 401k beneficiary designation form?

A Designation of Beneficiary form should be completed and properly executed by each Participant in the Plan. This form provides direction to the Administrator about the distribution of a Participant's account balance in the event of the Participant's death.

What is the beneficiary designation for death benefit?

You may designate any person, or a trust or organization, to receive your ordinary death benefit — it does not have to be a family member. You can designate two types of beneficiaries — primary and contingent. A primary beneficiary is the person who receives your death benefit.

What is the beneficiary designation?

Simply put, a beneficiary designation is the act of naming someone to receive money, property, investments, or any other specific “benefit” (hence, “beneficiary”… get it?) There are many types of beneficiary designations a person can make.

Who do I put for beneficiary designation?

This includes providing detailed information such as full names, relationships to you and contact information to avoid any confusion. Consider Multiple Beneficiaries: You can name primary beneficiaries (the first in line to inherit) and contingent beneficiaries (who inherit if the primary beneficiaries cannot).

What is a beneficiary on work insurance?

A beneficiary is the person or entity that you legally designate to receive the benefits from your financial products. For life insurance coverage, that is the death benefit your policy will pay if you die. 1. For retirement or investment accounts, that is the balance of your assets in those accounts.

For pdfFiller’s FAQs

What is Arkansas Public Employees Retirement System Designation of Beneficiary?

It is a form that allows members of the Arkansas Public Employees Retirement System to designate individuals or entities to receive benefits upon their death.

Who is required to file Arkansas Public Employees Retirement System Designation of Beneficiary?

All active members of the Arkansas Public Employees Retirement System are required to file this designation.

How to fill out Arkansas Public Employees Retirement System Designation of Beneficiary?

Members need to provide their personal information, specify the beneficiary details, and sign the form. It is important to follow the guidelines provided on the form to ensure it is completed correctly.

What is the purpose of Arkansas Public Employees Retirement System Designation of Beneficiary?

The purpose is to ensure that benefits are distributed according to the member's wishes in the event of their death.

What information must be reported on Arkansas Public Employees Retirement System Designation of Beneficiary?

Members must report their name, social security number, the names and relationships of beneficiaries, and any contingent beneficiaries if applicable.