CHANGE OF
BENEFICIARY FORM
To be filed with the board upon change of beneficiary in accordance
with G.L. c. 32, S 11(2)(c).
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To the WATERTOWN Retirement Board: |
I, ,
Social Security # request that
the Retirement Board named above change the beneficiary designated on
my New Member Enrollment Form (or if subsequent to retirement, the
Choice of Retirement Option Form) and pay any sum referred to in said
section 11(2)(c) due at my death to the following beneficiary or
beneficiaries in the proportions designated. |
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The right to change any
beneficiary is reserved. Changes may be made by filing a new change of
beneficiary form. This Form may also be used, subsequent to the member’s
retirement, to change the Option (B) beneficiary designated on the
member’s Choice of Retirement Option Form. Election of a
beneficiary, under G.L. c.32, s.12 (2)C may not be made on this form.
Such election may be made only on the Choice of Retirement Option
Form.
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TYPES OF PAYMENTS COVERED UNDER
SECTION 11(2)(C) INCLUDE:
1.The payment of the accumulated total deductions credit to
your account in the annuity savings fund at the date of your death
should it occur prior to your retirement;*
2.The payment of any cash refund due at your death if your
retirement election was Option (B)
3.The payment of any prorated monthly amount due at your death
if you elected Option (A) or (B)
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*NOTE: In the case of a member’s
death prior to retirement where such member is survived by an eligible
beneficiary appointed under Option (D) of subdivision (2) of section
12 or if the deceased member is survived by a person eligible to
receive the allowance provided for in section 12B, or is survived by a
child eligible to receive the allowance provided for in section 12B,
no payment of the amount of accumulated total deductions credited to
the surviving spouse or person acting for such child elects, in lieu
of receiving allowances provided for in section 12B, to have payment
made of the amount due under section 11(2). |
Member’s Signature:
____________________________________________ DATE:
______________
Member’s Address:
Witness’ Signature:
______________________________________________DATE:_____________
Witness’ Address: |
IMPORTANT:
THE WITNESS SIGNING THIS FORM MUST BE SOMEONE OTHER THAN THE
BENEFICIARY. A CHANGE OF BENEFICIARY FORM WITH CORRECTIONS OR ERASURES
WILL NOT BE ACCEPTED |