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How much is your family's financial security worth to you?

Laura AmonetteBy Laura Amonette - October 10, 2023

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When you completed your retirement application from INPRS, you may have selected a payment option that allows a survivor benefit. If you made this choice, rest assured knowing that your survivor can count on receiving your benefit according to the survivor benefit option you selected.

Sometimes, INPRS retirees need to change their named survivor. Making this change is simple, but it does require a recalculation of your current benefits, which may be reduced, especially if your new survivor is much younger than your current named survivor. To change your post-retirement beneficiary, complete this form.

Take time to review your beneficiaries listed on all your financial accounts. Your retirement accounts, like those with INPRS, investment accounts like your 457(b), 401(a), and those from prior employers provide an option for a named beneficiary. Many deposit accounts, like checking and savings accounts, also offer the option to name beneficiaries. Making these updates now can reduce complexities for your loved ones after you pass, so make time for this important change.

Choose whoever you like, or even name a trust or estate. With INPRS, you can assign whole percentages to both primary and contingent beneficiaries, giving you flexibility for your beneficiary needs.

Log on to your account at www.myINPRSretirement.org to update your beneficiaries today. When you do, you can feel confident that your accounts are up to date with your wishes.