
Vrs 2a Continuation 2019-2025 Form
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People also ask
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What is the designation of beneficiary form 401k?
How to name a beneficiary on your 401(k) account. If you name a person as your beneficiary, you should provide their full legal name, mailing address, date of birth, and Social Security number. You may also be asked to explain their relationship to you.
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How does VRS Plan 2 work?
VRS Plan 2 is a defined benefit plan. This plan provides a lifetime monthly benefit during retirement based on your age, total service credit and average final compensation. Average final compensation is the average of your 60 consecutive months of highest creditable compensation as a covered employee.
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What does VRS stand for in Virginia?
The Virginia Retirement System (VRS) serves those who serve others by delivering retirement and other benefits to Virginia public employees. In addition, we help our members plan for tomorrow, today with retirement education, counseling and communications.
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What is a designation of beneficiary?
A designated beneficiary is a person who has been named to inherit an asset, such as the balance of an individual retirement account (IRA), annuity, or life insurance policy after the death of the asset's owner. It is also known as a named beneficiary.
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