New Parents
Congratulations on your family’s new addition! Now is a good time to review and make any updates to your beneficiaries.
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Active Members
If you are an active member, marriage, divorce, birth or adoption of a child automatically voids your pre-retirement beneficiary designation. Unless you file a new beneficiary designation, Missouri law determines your beneficiaries if you pass away.
How to designate new beneficiaries:
You can create or update your beneficiary designation on Web Member Services. If you prefer, you can use a Pre-Retirement Beneficiary Designation form found on the PSRS or PEERS forms page of this website, or available by contacting us.
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Retired Members
If you are a new parent and are retired, you may also want to update your beneficiary designation.
- If you selected the Single Life benefit plan or a Term-Certain benefit plan, you can change your beneficiary at any time by logging into Web Member Services or using the Post-Retirement Beneficiary Designation for Lump-Sum Payment of Contributions and Interest form found on the “forms” page of this website. Be sure to select the menu for your System (PSRS or PEERS).
- Disability retirees may also change beneficiaries at any time. Disability benefit recipients can update beneficiary designations by logging into Web Member Services or using the Disability Retirement Beneficiary Designation form found on the “forms” page of this website. Be sure to select the menu for your System (PSRS or PEERS).
- If you selected a Joint-and-Survivor benefit plan at retirement, you can only change your beneficiary for monthly benefits if you named your spouse and that spouse passes away or you divorce. However, you can change your beneficiary named to receive any remaining balance of contributions in your membership if both you and your beneficiary for monthly benefits pass away before those funds are depleted. Use the Post-Retirement Beneficiary Designation for Lump-Sum Payment of Contributions and Interest form found on the “forms” page of this website. Be sure to select the menu for your System (PSRS or PEERS).