Get Northern California Glaziers Trust Fund Beneficiary Designation

After a death is reported to CalPERS, we will send a survivor benefit application package to the next of kin, the named beneficiaries, or the person reporting the death . The information on the completed application form serves as the request to receive death or survivor benefits .

Unless a valid beneficiary designation is in effect at the time of death, benefits are paid to the closest surviving family members in the following order: Spouse or registered domestic partner. Children (natural or adopted)

To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.

A beneficiary is generally any person or entity the account owner chooses to receive the benefits of a retirement account or an IRA after they die. The owner must designate the beneficiary under procedures established by the plan.

The primary disadvantage of naming a trust as beneficiary is that the retirement plan's assets will be subjected to required minimum distribution payouts, which are calculated based on the life expectancy of the oldest beneficiary.

The beneficiary is the person who will receive your pension when you die. Much like naming a beneficiary on a life insurance policy, you can name one or more individuals to receive the benefits of your pension.

CalPERS members are eligible for various death benefits. Death benefits range from a simple return of contributions (plus interest) to a monthly allowance. Each member's death benefits can vary significantly, depending on circumstances, data, and employer contract.

All funds are distributed to your designated beneficiary upon your death. If there is no named beneficiary, the funds are given first to the surviving spouse, next to surviving children, then to surviving grandchildren, and finally to surviving parents of the deceased.