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. Beneficiary Recontact Report INSTRUCTIONS FOR ... - RegInfo.gov - reginfo form

when you retired you chose a retirement option and depending on the option you chose you had to decide on a beneficiary did you know that the option you chose and the beneficiary can sometimes be changed after retirement they can but there has to be a qualifying event let's learn more you may be able to modify your current retirement payment option and name a new beneficiary after a qualifying event such as the death of your lifetime beneficiary if you get married or enter into a domestic partnership or the dissolution annulment legal separation or termination of your marriage or domestic partnership if one of these events occurs you can request a modification of original election at retirement when you add or change a payment option beneficiary through this process your current retirement benefit is reduced to fund your new beneficiaries possible future benefits how much it's reduced depends on your original payment option and you and your new beneficiaries age and life expectancy at the time of election before you can make an election to add or change a payment option beneficiary you must obtain an estimate of your new retirement allowance to do this go to your my CalPERS account and follow the prompts from the retirement tab to change retirement benefit you will be able to create and save estimates based on different life event and beneficiary scenarios you could then elect to make the change online you'll need to submit supporting life event and beneficiary documents such as a marriage certificate and/or beneficiary birth certificate to process your request if you are unable to create an estimate through your my CalPERS account call us and we'll mail you a modification of option and/or life option beneficiary estimate request form if you choose to modify your original election at retirement your new election is irrevocable however should you have a future qualifying event such as the death of your beneficiary you may be able to modify your allowance again and name a new beneficiary when your modification of original election at retirement takes effect it depends on when we receive the required forms and documentation to process your request if you make an election to change your original retirement selection within twelve months of the qualifying event the change takes effect the first day of the month following receipt of your completed election document for example if you got married on May 1st 2017 and you submitted your completed election document on July 15th 2017 the effective date of change would have been August 1st 2017 if you make an election to change your original retirements election more than 12 months after the qualifying event the change does not take effect until 12 months after you make the election for example you get married on January 1st of 2016 and you submitted your completed election document on February 12th 2017 your deferred election effective date would be March 1st 2018 by law both you and your new beneficiary must be living on the deferred election effective date before the change cannot be processed a lump sum benefit is a one-time payment paid to your name beneficiaries upon your death you can add or change a lump sum beneficiary at any time it's important to keep your beneficiary designation up to date and you can do so through your my CalPERS account you can also submit the form post retirement lump sum beneficiary designation which is available online and included in our publication what you need to know about changing your beneficiary or monthly benefit after retirement if you change your lump sum beneficiary designation and your personal my CalPERS account the change takes effect immediately if you submit the form the change takes effect when it is processed and we'll mail you an acknowledgement letter your existing lump sum beneficiary designation will automatically be revoked if you get married or registered domestic partnership or the dissolution annulment legal separation or termination of your marriage or domestic partnership and finally the birth or adoption of a child but no valid designation is in effect at the time of your death your lump sum death benefits are paid to your statutory beneficiary in the order determined by law we just discussed changing your lifetime beneficiary and naming someone else but what if you just want to remove your lifetime beneficiary and not name anyone new you can remove a lump sum beneficiary at any time or you can only remove a lifetime beneficiary under limited circumstances if you name your spouse or registered domestic partner as your lifetime beneficiary you may only remove him or her if you get an annulment in which the court confirms the annulment or you get a divorce legal separation or terminate your domestic partnership and you are awarded 100% of your to CalPERS retirement otherwise he or she will still receive a monthly lifetime benefit upon your death to remove a former spouse or registered domestic partner send us a written request along with a copy of the court document validating your annulment or the judgment that awarded you full interest in your CalPERS retirement if you named someone other than a spouse or registered domestic partner as your lifetime beneficiary you may remove this beneficiary only if he or she waives entitlement to your benefit the beneficiary must also sign a non spouse or non domestic partner disclaimer form the signature must be notarized and the form returned to us for approval to remove a non spouse or non domestic partner submit a written request along with the completed form unlike the modification of original election and retirement removing a lifetime beneficiary does not change a retirement allowance for additional information please refer to the publication changing your beneficiary or monthly benefit after retirement