The member's salary in the year immediately before the date of the member's death One-half the member's salary in the year immediately before the date of the member's death If your beneficiary is a charity or organization, the Employer Identification Number (EIN) may be used. ^If your beneficiary does not have a Social Security number, then an alternative number such as the Individual Tax Identification Number (ITIN) may be used instead. However, if you don't, TRS may follow up with you periodically to remind you to provide this information. You are not required to enter Social Security numbers at the time you enter your beneficiary designations.
And, while other demographic information may be incomplete in our records or become outdated over time, the Social Security number is the most reliable way of confirming the identity of your beneficiaries and initiating contact with them. TRS cannot distribute death benefits from a member's account until we have identified and contacted all designated beneficiaries on file. Having your beneficiary's Social Security number^ on file with TRS prevents unnecessary delay and complications at the time death benefits become payable. Why do I need to provide TRS with my beneficiary's Social Security number?
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You may upload this document in the secure section of our website, or you may mail it to TRS with a completed Verification of Trust Instrument Legality form (code EN4), which is available on request. If you designate a trust, you will also need to provide TRS with a copy of the complete trust document. When you use the Beneficiaries feature in the secure section of our website you may name your estate or a trust as a beneficiary. What should I do if I want to leave my death benefit to my estate or to a trust?
They may designate someone else if they choose. Please access the Beneficiaries feature in the secure section of our website to choose or change a beneficiary.Īre married members required to designate their spouse as their beneficiary? How may I choose or change a beneficiary?
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