Beneficiaries

Your beneficiary is the person or persons you can designate who will receive your retirement benefit in the event of your death. Under both plans, you'll need to complete a beneficiary designation form if you wish to control who may receive any available retirement benefits.

You may change your beneficiary at any time. If your designated beneficiary dies or your marital status changes, you should submit a new beneficiary designation form.

FRS Pension Plan

FRS Investment Plan

You may name any person, organization, or trust, or your estate, or you may designate that benefits be paid according to state law (to your spouse, if living; if not living, to your living children; if no children survive, to your mother or father; if no living family members, to your estate).

  • If you're married, your spouse is considered to be your beneficiary for the Pension Plan unless you name a different beneficiary after your most recent marriage.
  • If you're single, you can name anyone as your beneficiary.

When you retire, you'll be asked to rename a beneficiary and choose a retirement payment option. (See Payment Options for more information.)

After you retire, you can change your beneficiary designation at any time if you elected Payment Option 1 or 2. If you choose Payment Option 3 or 4, you may change your joint annuitant* only two times after you retire. Note that your benefit is recalculated when you change your joint annuitant under Options 3 and 4.
  • You may name any person, organization, or trust, or your estate, or you may designate that benefits be paid according to state law (to your spouse, if living; if not living to your living children; if no children survive, to your mother or father, if no living family members, to your estate).
  • If you name someone other than your spouse as your primary beneficiary, your spouse will need to sign the beneficiary designation form acknowledging the designation.
  • If you're married, your spouse is considered to be your beneficiary for the Investment Plan unless you name a different beneficiary after your most recent marriage.


*Your joint annuitant is considered to be your spouse, your natural or legally adopted child who either is under age 25 or is physically or mentally disabled and incapable of self-support (regardless of age), or any person who is financially dependent upon you for one-half or more of his or her support and is your parent, your grandparent, or a person for whom you are the legal guardian.
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  • Friday, April 18, 2014 is a stock market holiday. Therefore, transactions requested after 4 p.m. ET on Thursday, April 17 in your FRS Investment Plan account will be processed using the closing prices of the next business day, which is Monday, April 21.