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PRS RETIREMENT BENEFICIARY DESIGNATION PRS provides valuable protection to your beneficiaries if your death occurs prior to retirement. This form establishes your beneficiary designation with PRS

How to fill out psrs pre-retirement beneficiary designation

How to fill out the PSRS Pre-Retirement Beneficiary Designation:

1. Obtain the necessary forms: Start by obtaining the PSRS Pre-Retirement Beneficiary Designation form. You can usually find this form on the PSRS website or by contacting their customer service.
2. Provide your personal information: Begin the form by providing your personal information, including your full name, social security number, date of birth, and contact information. This information is necessary to ensure the form is correctly matched to your account.
3. Select your primary beneficiary: Indicate who you would like to designate as your primary beneficiary. This is the person who will receive your PSRS benefits in the event of your death before retirement. Provide their full name, relationship to you, social security number, and date of birth.
4. Choose your contingent beneficiary: In case your primary beneficiary predeceases you, it is essential to select a contingent beneficiary. This individual will receive your benefits if the primary beneficiary is unable to. Fill out their full name, relationship to you, social security number, and date of birth.
5. Determine the beneficiary's share: Decide how you want your benefits to be divided among your beneficiaries. You can choose to allocate an equal share to each beneficiary or specify a particular percentage for each. Clearly indicate your chosen distribution method on the form.
6. Provide your signature and the date: Sign and date the form to confirm that the information provided is accurate to the best of your knowledge. It is crucial to carefully review the form before signing to ensure all details are correct.

Who needs the PSRS Pre-Retirement Beneficiary Designation?

1. Active PSRS members: Active members of the Public School Retirement System (PSRS) who have not yet retired need to fill out the PSRS Pre-Retirement Beneficiary Designation form. This form allows members to designate who will receive their retirement benefits if they pass away before retirement.
2. Individuals with dependent loved ones: Anyone who has dependents or individuals they would like to provide for after their passing should consider completing this form. Designating beneficiaries ensures that your PSRS benefits are distributed according to your wishes and can help provide financial security for your loved ones.
3. Those who want to update their beneficiaries: If you already have a beneficiary designated, but your circumstances change, it may be necessary to update your beneficiary designation. Life events such as marriage, divorce, or the birth of a child may require you to review and revise your beneficiary choices.

In conclusion, filling out the PSRS Pre-Retirement Beneficiary Designation form requires providing personal information, selecting primary and contingent beneficiaries, determining the beneficiaries' share, and signing the form. This form is important for active PSRS members who want to ensure that their retirement benefits are distributed according to their wishes. It is particularly relevant to individuals with dependent loved ones and those who need to update their beneficiary designations due to changing life circumstances.

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What is psrs pre-retirement beneficiary designation?

PSRS pre-retirement beneficiary designation is a form that allows members of the Public School Retirement System to designate who will receive their retirement benefits in the event of their death before retirement.

Who is required to file psrs pre-retirement beneficiary designation?

All members of the Public School Retirement System are required to file a beneficiary designation form before they reach retirement age.

How to fill out psrs pre-retirement beneficiary designation?

Members can fill out the beneficiary designation form online or obtain a physical copy from the PSRS office. They will need to provide their personal information and the information of their chosen beneficiary.

What is the purpose of psrs pre-retirement beneficiary designation?

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

What information must be reported on psrs pre-retirement beneficiary designation?

The beneficiary designation form requires the member to provide their personal information, such as name, address, and social security number, as well as the information of their chosen beneficiary, including their relationship to the member.