Beneficiary Challenge Answers for Employers

Pod

1. If an employee fills out a paper beneficiary designation form, you should:

Answer: B. It’s not official until ERSGA records it.

2. Why is it important to encourage employees to designate their beneficiaries?

Answer: D. All of the above!

3. What is a primary beneficiary?

Answer: B. A primary beneficiary receives your benefit first when you pass away.

4. What is a contingent beneficiary?

Answer: A. A contingent beneficiary is your backup if the primary can’t receive the benefit.

5. Who can be named as a beneficiary for a pension account and possibly be eligible for a monthly lifetime benefit?

Answer: B. Only people can receive beneficiary for a pension account and be eligible for a monthly lifetime benefit.

6. Where should a member go to designate a beneficiary for their ERSGA pension?

Answer: B. Visit ers.ga.gov to designate a pension beneficiary.

7. Where should a member go to designate a beneficiary for their PSR 401(k) or 457 account?

Answer: B. Log in to gabreeze.ga.gov to manage PSR 401(k) or 457 beneficiaries.