The Designation of Beneficiary – Retired form, known as KPERS-7/99R, plays a critical role in the Kansas Public Employees Retirement System (KPERS), enabling retired members to specify their beneficiaries for retirement benefits. This comprehensive document ensures that upon the death of a retiree, their benefits are distributed according to their wishes. Key elements of the form include the replacement of all previous designations upon submission, thus necessitating careful consideration and completeness by the retiree. Members are advised to read instructions carefully and use additional pages if more space is needed for beneficiary details, ensuring all parts are filled accurately to maintain the form's validity. The form allows for the designation of primary and contingent beneficiaries, specifying that living individuals, trusts, or the member's estate can be named, with equal benefit sharing among multiple beneficiaries. A notable feature is the option to designate a funeral establishment directly for receiving the designated $4,000 retiree death benefit, aimed at covering funeral expenses. However, this does not exempt the designation of a primary beneficiary for other retirement benefits. Furthermore, it highlights conditions under which benefits are allocated to minor children, and the provision for members belonging to multiple KPERS-administered retirement systems to apply their designations universally or specify separate beneficiaries for life insurance benefits. The form underscores the necessity for timely submission, as the KPERS Board of Trustees recognizes only designations received prior to a member's death, thereby emphasizing the importance of preemptive planning for the distribution of retirement benefits.
| Question | Answer |
|---|---|
| Form Name | Form Kpers 7 99R |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | kperskpers, kpers, retiree, 15-year |