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When your participation begins, you need to complete a beneficiary designation form. You may update your beneficiary at any time by completing and submitting a beneficiary designation form. Your beneficiary will receive your Annuity Plan benefit in the event of your death.

You may name anyone you want as your beneficiary, including a trust. However, any trust you designate as a beneficiary must be a valid trust under applicable state law. In addition, if you’re married and wish to designate a person other than your spouse as your beneficiary, your spouse must consent to the designation in writing in the presence of a notary public or designated Annuity Plan representative.

If you do not have a designated beneficiary(ies) at the time of your death, the Trustees will be your beneficiary or they can designate that benefits be paid to your:

  • Surviving spouse; or if none,
  • Surviving children; or if none,
  • Surviving parents; or if none,
  • Surviving siblings; or if none,Surviving nieces and nephews; or if none,
  • Estate.

If you’re married and wish to designate a person other than your spouse as your primary beneficiary, your spouse must consent to the designation in writing in the presence of a notary public or designated Annuity Plan representative.

Contact the Fund Office to obtain a beneficiary designation form. Remember to contact the Fund Office immediately if you marry or divorce at any time prior to receiving a distribution from your annuity account so that you may update your beneficiary designation form accordingly.