Retired members are limited to two beneficiary changes post-retirement. For each beneficiary change, there will be an actuarial reduction to your monthly annuity benefit.
You may change your beneficiary by submitting Form 500R to the pension office.
Retired members who marry post-retirement will automatically adopt their spouse as their beneficiary two years following the date of marriage, without any reduction to benefits. Please notify the pension office of the marriage and submit a copy of your marriage certificate.
DROP beneficiaries can be changed by submitting the DROP Form to the pension office.
There is no consequence for changing a DROP beneficiary post-retirement. However, if you are married and choose to elect a beneficiary other than your spouse, you must provide notarized consent from your spouse.