Beneficiary Challenge Answers for Active Members
1. What’s the best way for members to update their pension beneficiary?
Answer: C. Members should log into their account on ers.ga.gov to make official changes.
2. Which of the following cannot be a beneficiary for a pension plan?
Answer: C. A parrot named Sir Squawks-a-Lot
3. Why is it important for members to keep their beneficiary information up to date?
Answer: D. Keeping beneficiary information current helps ensure benefits are paid correctly and according to the member’s wishes.
4. What’s the difference between a primary and a contingent beneficiary?
Answer: A. The primary receives the benefit first; the contingent steps in if needed.
5. What system do members use to update their PSR 401(k) or 457 beneficiaries?
Answer: A. Gabreeze.ga.gov
6. Can a minor be named as a beneficiary for a pension in Georgia?
Answer: A. A minor can be named, but if they’re under 18, a court-appointed guardian or Uniform Transfers to Minors Act (UTMA) custodian may be needed.
7. Do ERSGA pension and PSR (401(k)/457) beneficiaries need to be updated separately?
Answer: B. Yes, they are managed on different systems and must be updated individually
8. If a member updates their will but not their ERSGA beneficiary designation, which document takes priority?
Answer: B. ERSGA beneficiary designation because it’s the official record for pension benefits
9. Where can you find helpful info about updating beneficiaries, especially during life events like marriage, divorce, or retirement?
Answer: B. On the ERSGA website under the “Life Stages” tab or in plan handbooks