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Notice of Proposed Restate BOARD OF ADMINISTRATION RULE NOS.: RULE TITLES: 1911.002×Beneficiary Designations and Distributions for FRS Investment Plan 1911.006×Enrollment Procedures for New Hires 1911.007×Second
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002beneficiary designations and distributions refer to the process of specifying who will receive a person's assets after they pass away.
Individuals who have designated beneficiaries for their assets or accounts are required to file beneficiary designations and distributions.
To fill out beneficiary designations and distributions, individuals need to provide the necessary information about their beneficiaries and how they wish their assets to be distributed.
The purpose of beneficiary designations and distributions is to ensure that a person's assets are distributed according to their wishes after they pass away.
The information that must be reported on beneficiary designations and distributions includes the names of beneficiaries, their relationship to the account holder, and the percentage of assets they will receive.
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