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What if the Participant fails to designate the ex-spouse as an option beneficiary when he or she retires?

April 26, 2017Beneficiary designate ex-spouse fails option participant retires

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What if the Participant fails to designate the ex-spouse as an option beneficiary when he or she retires?

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If there is a valid DRO on file providing the ex-spouse with a Joint Allowance (survivorship) option benefit, the Retirement System will require the Participant to make that election before processing his or her retirement.