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Designating a Beneficiary

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As an IPERS member, this is a great time to make sure your loved one is your designated beneficiary. Your beneficiary is the person or people who are eligible to receive any benefits payable upon your death. It is essential that you select a beneficiary so IPERS can carry out your wishes at your death.

When you began IPERS-covered employment, you should have designated a beneficiary. If you didn’t, it’s not too late. And you can change your beneficiary at any time. To do either, simply complete and return this form or log into My Account. (If you are married and wish to designate someone other than your spouse as your sole beneficiary, please complete the form instead of using My Account.)

More information
To learn more about beneficiary designations, see pages eight and nine of IPERS’ Member Handbook and the Enrollment/Beneficiary Designation form.

You can name any person (or people), charity, church or trust as your primary or secondary beneficiary. You may not designate a commercial entity, such as a funeral home, as your beneficiary.

Yes. If you name two or more people as either your primary or secondary beneficiaries, each will receive an equal amount. Designating a secondary beneficiary is not required.

Yes. However, IPERS cannot make payments directly to minors. Depending on the amount that is to be paid, IPERS can make payments to an adult custodian or to a court-established conservator or trustee. Or the minor beneficiary can wait until he/she is 18 to receive the money. (The minor’s legal guardian should contact IPERS to ensure that waiting to claim a death benefit will not cause the death benefit to be forfeited.)

Yes. Your beneficiary designations are in effect until you submit the form again, designating a different beneficiary. You can do this any time. (If you are already retired or if you are retired re-employed, please contact IPERS to discuss how and whether you can change your beneficiary.)

It is important to promptly designate a new beneficiary if your beneficiary dies.

If you divorce, legal documents such as an IPERS Qualified Domestic Relations Order may supersede your designation. Please contact IPERS to learn more about QDROs and other legal orders such as tax levies, child support, etc.

If, at your death, you have not designated a beneficiary, your estate may become your beneficiary. Your will does not affect your beneficiary designation. 

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