Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does a divorce nullify a members designation of the former spouse as the beneficiary of his/her death benefit?

0
Posted

Does a divorce nullify a members designation of the former spouse as the beneficiary of his/her death benefit?

0

No. Even though a member has divorced his/her spouse, a member’s prior designation of the former spouse as his/her death benefit beneficiary remains valid and effective, unless and until changed by the member through the filing of a valid Beneficiary Designation or Change form (Form 60) with the Fund. The Fund has no power under law to pay a death benefit to any person other than the member’s last validly designated beneficiary or beneficiaries. Except as provided by the express terms of a governing instrument (i.e., a DRO on file with PPF), a divorce, annulment or judicial separation agreement will terminate a PPF member’s prior designation of a former spouse as a beneficiary. However, if the member wishes to maintain the former spouse as the beneficiary subsequent to the divorce, annulment, or judicial separation, the member must re-designate the former spouse as beneficiary on a beneficiary form submitted to the Fund after the date of the divorce, annulment or judicial separation. A

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123