Form 2db - Designating Beneficiary(Ies) For The Death Benefit Page 4
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4Guides for Designating Beneficiary(ies)
Page 2 of 2
for the Death Benefit
Guide C.
What requirements should I meet in choosing my beneficiary(ies)?
Please provide the name, address, Social Security number,
You have the option to designate as a beneficiary:
and date of birth of each beneficiary and indicate whether the
• a living person. If you choose one person as your principal
person is a spouse.
beneficiary, you may name contingent beneficiary (ies) in the
• Your beneficiary(ies) cannot be an unborn child, a pet, a
event the principal beneficiary predeceases you.
church, or any institution.
• more than one living person to share in the benefit equally.
• You do not need permission from the beneficiary(ies) to
If you name more than one principal beneficiary, you cannot
make or change the designation; however, if an order directs
name contingent beneficiary(ies), and other consequences
you to designate someone as a beneficiary, you must comply
may
be
applicable.
Duplicate
and
attach
additional
Continuation Pages if you need additional space to list all
with the order.
beneficiaries.
• You do not have to make your beneficiary(ies) aware of this
• your estate. Write ESTATE in the box asking for a
designation.
beneficiary's LAST name.
• You do not have to name relatives as beneficiary(ies).
• a trustee for a living person. If you name a trustee for a
living person, submit a copy of the trust agreement with this
form.
Guide D.
How is this benefit paid to my beneficiary(ies)?
Upon receiving a certified copy of the final death certificate, the
• the Clerk of Court of the County in which the minor resides
Retirement Systems Division will determine what benefits are
• the minor after he/she attains the age of majority.
payable. Any benefit will be paid to the designated principal
(Generally, the age of majority in North Carolina is 18.)
beneficiary(ies), but if you designated only one principal
If you named your estate as your beneficiary, or if no named
beneficiary who is deceased at the time of your death, the
principal or contingent beneficiary is alive at your death:
benefit will be paid to any contingent beneficiary(ies). If you
designated multiple co-beneficiaries and one is deceased at
• Payment will be made to your estate after an administrator or
the time of your death, the benefit will be paid to the surviving
executor has qualified.
co-beneficiary(ies).
• If there is no qualification, payment could be paid to the Clerk
If a beneficiary is a minor, payment will be made to one of the
of Court to handle according to the laws of the state.
following:
• the qualified guardian of the minor
These guides are subject to and governed by the General Statutes of the State of North Carolina.
N.C. Department of State Treasurer, Retirement Systems Division
REV 20100519
2DB
325 North Salisbury Street, Raleigh, North Carolina 27603-1385
(919) 807-3050 in the Raleigh area or (877) 627-3287 toll free
GUIDES
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