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Change of Beneficiary

Overview

Change of Beneficiary

A beneficiary is the person that you designate to receive certain benefits after your death. You can have multiple beneficiaries.

Because your beneficiaries may be eligible for death and/or survivor benefits, it’s important to keep your designation updated before and after your retirement. 

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More About Changing Your Beneficiary

Active and Inactive Members 

During your employment, it is important to keep your beneficiary designation current to reflect changes in your personal life. For example, you may get married, divorced, or have children. As an active or inactive member, you may change your beneficiary designation until the date that you retire.

As you approach retirement, read the Guide to Your SamCERA Benefits section on “Beneficiaries and Retirement Payment Options.” This section also includes information on retiree death benefits. 

At retirement, there will be a financial decision to make regarding the benefit you would leave to your beneficiaries (this is called a “survivor benefit”). You will complete a new beneficiary form and the survivor benefits will be paid in accordance with what retirement option you elect.

You can download the Beneficiary Designation Form on the Member Forms page. 

Retired Members

Retirees may only change certain beneficiary designations for those persons who are to receive a lump sum payment. 

You can download the Beneficiary Designation Form on the Member Forms page. 

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