![]() ![]() This consent can be provided to the plan at any time after the participant becomes eligible to participate in the plan up to the date of the participant’s death. ![]() ![]() If a divorced participant wants to change the beneficiary of any survivor benefits not covered by a QDRO, he or she should contact the retirement plan administrator in order to designate a new beneficiary in accordance with the plan’s beneficiary designation procedures.Ī qualified plan, like a defined benefit plan, money purchase plan or target benefit plan PDF, must provide a QPSA to all married participants unless the participant and spouse consent in writing to waive the QPSA. A participant who gets divorced may be required to treat his or her former spouse as a current spouse under the terms of the divorce and pursuant to a QDRO. Minimum distribution requirements – payment of survivor benefits to a non-spouse beneficiary be under the 5-year rule PDF or the life expectancy rule PDF.Ī participant who gets married should immediately notify his or her employer and/or retirement plan administrator. ![]()
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