Where do I send my SF 2823?

Where do I send my SF 2823?

Annuitants: Submit the designation form to: Office of Personnel Management, Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045.

Does a change of beneficiary form need to be notarized?

If you submit your beneficiary designation by form, you must: Print out and complete your form. Remember to keep a copy for your file at home and give a copy to your advisor. Unless specifically requested, you do not need to get the beneficiary form notarized.

Who can witness a beneficiary form?

A witness can be any person that is not named as a beneficiary. Your personal acquaintances can best serve as witnesses should the designation be contested in a court of law. If attachments are added to the designation of beneficiary form(s), they must be signed and witnessed also.

How do I fill out a beneficiary designation form?

General Instructions Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write “children” on one of the lines; instead write the full names of each of your children on separate lines.

What are the different types of beneficiaries?

There are two types of beneficiaries: primary and contingent.

Where should beneficiary forms be kept?

The Plan Administrator/Sponsor is typically responsible for retaining the beneficiary designation forms; however, many may not realize it is their responsibility when the participants enroll electronically. It’s important that the Plan Administrator is aware of their responsibility to avoid potential legal disputes.

Can you have two contingent beneficiaries?

A contingent beneficiary can be named in an insurance contract or a retirement account. Multiple contingent beneficiaries can be listed in which each beneficiary is designated a specific percentage of the money, adding up to 100%.

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