The plan provides pre-retirement survivor benefits in two ways: Retirement Account and Group Life Insurance. The beneficiary under each plan may be different. You can change the beneficiaries under both benefits at any time.
Here is how to change your beneficiaries:
- Retirement Account: Funds accumulated in your ORP retirement account are payable to the beneficiaries you name. You should contact your provider(s), directly, to change the beneficiaries under your retirement account(s). Some providers accept beneficiary changes on-line via their web sites.
- Group Life Insurance: Active participants in the ORP are automatically covered by a group life insurance plan. To change your beneficiaries under the group life insurance plan, you must complete the Insurance Enrollment and Beneficiary Change Form. Give the completed form to your campus benefits administrator.