New Information and Resources on Beneficiary Designations

There are many rules surrounding designating beneficiaries for retirement, life, accidental death and dismemberment (AD&D) insurance and business travel accident insurance benefits. There are also several important actions that participants, and their benefits administrators, must take to ensure beneficiaries are designated according to a participant’s wishes. New pages for benefits administrators in the BA Guide and for participants in Education & Resources on the Employee Benefits website provide helpful information and resources to assist with beneficiary designations for the various benefit plans.

Visit the beneficiary pages to find out about:

• Online tools and events BAs and participants can use to view and update designations
• Paper options (i.e., NRECA Beneficiary Designation Form and NRECA Employee Worksheet) for submitting designations
• Requirements for documentation, regardless of how a designation is made
• Federal requirements for retirement plan beneficiary designation when an employee is married
• Restrictions on designating organizations (e.g., charitable, religious or educational) for retirement benefits

For more on these issues and other details of designating beneficiaries, visit the new beneficiary pages.

If you have questions about beneficiary designations, contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.