NC
Retirement Beneficiary Designation Form
Why am I enrolled in this system?
All North Carolina state employees are automatically enrolled in the North
Carolina Teachers'
& State Employees' Retirement System. During each
pay cycle, 6% of your salary will be automatically
deducted from your paycheck as a contribution to your
retirement fund. Submission of an enrollment form is
not required.
How do I choose a beneficiary?
The Retirement System will send a "Welcome Packet"
to your home. The "Welcome Packet" will include a Beneficiary
Designation form. If your Beneficiary Designation
form is not received after 60 days, a reminder letter
(with form) will be sent to you.
What if I do not identify a beneficiary?
Beneficiary designation is not required. If you die
before retirement without a designated beneficiary,
North Carolina Statue dictates the beneficiary designation.
Do I have to identify a contingent beneficiary?
No, you do not have to identify a contingent (alternate)
beneficiary. However, if something should happen to
your principal beneficiary, your account balance would
remain with the Retirement System.
If my principal beneficiary is the same for both
A and B, why do I have to complete both sections of the
form?
Section A refers to your contributions to the Retirement
System. Section B refers to the death benefit. These
are two separate benefits so you need to designate
a principal beneficiary for each.
What happens if I do not have my Beneficiary Designation
form notarized?
The form will be sent back to you for proper completion.
Every HR office has a notary available.
What happens if I have already signed my form before
I take it to the Notary Public?
The notary will not sign your Beneficiary Designation form.
The notary may ask you to sign the form again in front
of him or her. Even in this situation, the form will
be sent back to you because of the conflict in dates
and the double signature. You will need to submit a
completely new form.
To avoid having to complete a new form, make
sure you sign your form in front of the notary!
* .PDF refers to Portable Document Format, which is a readable
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