Designation of DROP Beneficiary

Designation of DROP Beneficiary

The following form can be filled out online by tabbing though each field or placing your cursor in a specific field. Information typed into the form cannot be saved or submitted through the Internet. Once all information is completed, print the form and mail or fax to OP&F. Please be sure to sign and date the form, and, if required, have it notarized.

Complete this form if you wish to designate a beneficiary for your Deferred Retirement Option Plan (DROP) funds in the event of your death, and provided your spouse does not survive you. In the event of your death, your surviving spouse is entitled to receive the full balance of your DROP funds. If you have no surviving spouse, your DROP funds will be payable to your designated beneficiary, subject to some limitations. If you have no spouse or designated beneficiary, your DROP funds will be paid to your estate. If you designate a trust as your beneficiary, OP&F can only pay the full balance of your DROP funds in a one–time, lump–sum payment.

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• Designation of DROP Beneficiary
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