How does a member change beneficiary designations?
When a Participant retired with the NPF he was offered an opportunity to designate a Beneficiary. If he later wishes to change this earlier designation, please advise him to contact the Fund office. If it is possible for him to change his beneficiary, we will send him the necessary paperwork. If a Participant is not receiving a pension, and was not married at the time of his death, the Plan provides that a Lump Sum Death Benefit may be payable provided certain service requirements are met. There is no beneficiary designation for this benefit. If a Lump Sum Death Benefit is due it will be paid out as follows:
- Equally to his/her children, if no children,
- Equally to his/her parents, if no parents,
- Equally to his/her siblings, if no siblings,
- No benefits are payable.
Learn more about Pre-Retirement Death Benefits.