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INSTRUCTIONS FOR COMPLETING THE DESIGNATION OF BENEFICIARY Complete this form to designate a beneficiary for VRS Basic and Optional Group Life Insurance and for your retirement contribution account.

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How to fill out designation of beneficiary vrs-2

01

To fill out the designation of beneficiary vrs-2, follow these steps:

02

Obtain the VRS-2 form from the relevant authority or source.

03

Provide your personal information as the account holder or policyholder.

04

Specify the details of the beneficiary, including full name, date of birth, and relationship to you.

05

Indicate the percentage or amount of the benefit that each beneficiary will receive.

06

If necessary, include any contingent beneficiaries to receive the benefit if the primary beneficiary is unable to.

07

Sign and date the form, ensuring that all required fields are completed accurately.

08

Submit the completed form to the appropriate entity or organization as instructed.

Who needs designation of beneficiary vrs-2?

01

Anyone who has a financial account, insurance policy, or retirement plan that allows for naming beneficiaries may need to fill out a designation of beneficiary vrs-2.

02

Examples of individuals who may require this form include those who have a checking or savings account, life insurance policy, mutual funds, or a 401(k) or IRA plan.

03

By designating beneficiaries, individuals ensure that their assets or benefits will be transferred to their chosen recipients upon their death.

04

This form provides clarity and legal validity to the distribution of assets and helps to avoid potential disputes or complications during the settlement process.

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What is designation of beneficiary VRS-2?

Designation of Beneficiary VRS-2 is a form used to designate a beneficiary for retirement benefits in the Virginia Retirement System.

Who is required to file designation of beneficiary VRS-2?

All members of the Virginia Retirement System who wish to designate a beneficiary for their retirement benefits are required to file the Designation of Beneficiary VRS-2 form.

How to fill out designation of beneficiary VRS-2?

To fill out the Designation of Beneficiary VRS-2 form, you need to provide your personal information, the name and relationship of your beneficiary, and the percentage of benefits they will receive.

What is the purpose of designation of beneficiary VRS-2?

The purpose of Designation of Beneficiary VRS-2 is to ensure that your retirement benefits are distributed according to your wishes in the event of your death.

What information must be reported on designation of beneficiary VRS-2?

The Designation of Beneficiary VRS-2 form requires personal information of the member, details of the designated beneficiary, and the percentage of benefits they will receive.

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