PORS - Basic Plan Information
Active PORS members may designate
four types of beneficiaries:
-
Beneficiaries for your in-service
death annuity or refund of contributions. Multiple beneficiaries share
equally in survivor annuities;
-
Contingent
beneficiaries in case of death of the primary beneficiaries. All
primary beneficiaries must be deceased before any contingent
beneficiaries are paid;
-
Group life insurance beneficiaries;
and
-
You may name your estate; however,
monthly annuity payments cannot be paid to an estate.
Your beneficiaries are listed on the annual
member statement you receive each fall. You may also
contact
the Retirement Systems to verify your designated beneficiaries. Generally, you
may change your beneficiaries at any time before retirement. To do so,
download the appropriate
beneficiary designation form.
