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Designation of Beneficiary With Contingent Beneficiaries Receipt Date For Active Members Only (not retirees) RS 5127 (Internet Version) NEW YORK STATE AND LOCAL RETIREMENT SYSTEMS 110 STATE STREET
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What is with contingent beneficiaries?
Contingent beneficiaries are individuals who will receive the benefits of a trust or insurance policy if the primary beneficiaries are unable to do so.
Who is required to file with contingent beneficiaries?
The trustee or policyholder is required to file with contingent beneficiaries.
How to fill out with contingent beneficiaries?
The trustee or policyholder must list the names and contact information of the contingent beneficiaries in the appropriate forms.
What is the purpose of with contingent beneficiaries?
The purpose of including contingent beneficiaries is to ensure that the benefits of the trust or insurance policy are distributed accordingly if the primary beneficiaries cannot receive them.
What information must be reported on with contingent beneficiaries?
The information reported on contingent beneficiaries typically includes their full names, addresses, and relationship to the primary beneficiaries.
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