Introduction
Beneficiary Change Form - Option B (If Member Dies After Retirement)
Pursuant to Massachusetts General Laws, Chapter 32, Sections 11(2)(b) and 12(2)(b)
Form Last Revised: February, 2020
PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION
FIVE MIDDLESEX AVENUE, SUITE 304 | SOMERVILLE, MA 02145
The Beneficiary Change Form - Option B allows a retired member to select a beneficiary or beneficiaries to
receive payment of any accumulated deductions remaining in his/her account when the member dies after
retirement.
Keep in mind:
Any person, persons or entity can be named as an Option B beneficiary.
Option B beneficiary(ies) can be changed at any time.
Your selection on this form will supersede any earlier beneficiary(ies) selected by you.
Beneficiary Change Form - Option B (If Member Dies After Retirement)
Pursuant to Massachusetts General Laws, Chapter 32, Sections 11(2)(b) and 12(2)(b)
Form Last Revised: July, 2019 2
Choice of Beneficiary to Receive a Return of Accumulated Total Deductions Remaining in a
Members Annuity Account at Member’s Death
I, (Print Name) , a member of the
Retirement System, have chosen to be retired under the provisions of Massachusetts General Laws, Chapter 32, Section 12(2)(b)
("Option B"). I hereby request that the retirement board pay any sum payable under that section of the law to the beneficiary or
beneficiaries I have listed on the following page.
The amounts payable under Option B consist of:
The payment of any accumulated deductions credited to a retired member's account in the annuity reserve fund
at the date of death.
The amount of any pro-rata share of retirement allowance due to the member on the date of his/her death.
I understand that I may change this beneficiary designation at any time by filing a new Beneficiary Change Form - Option B.
Name of Retirement Board:
Address:
City/Town: Zip Code:
Telephone: Fax:
Retirement Board: Please enter your retirement board information here.
Member's Information:
***-**-___ ___ ___ ___
Member's Last Name Member's First Name Social Security # (last four)
Street Address:
City/Town: State: Zip Code:
Email:
Phone:
PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION
Beneficiary Change Form (Option B) 3
Member Last Name:
First Name: SSN: ***-**-__ __ __ __
Member's Signature:
Name (Print):
Signature:
Date:
To Be Completed By Witness (should be disinterested party):
Name (Print):
Street Address:
City/Town:
State: Zip Code:
Signature:
Date:
Beneficiary Information:
% of
Benefit**
Full Name: (First, MI, Last): SSN/EIN*:
Relationship to You: Phone: Date of Birth:
Address:
Full Name: (First, MI, Last): SSN/EIN*:
Relationship to You: Phone: Date of Birth:
Address:
Full Name: (First, MI, Last): SSN/EIN*:
Relationship to You: Phone: Date of Birth:
Address:
Full Name: (First, MI, Last): SSN/EIN*:
Relationship to You: Phone: Date of Birth:
Address:
Full Name: (First, MI, Last): SSN/EIN*:
Relationship to You: Phone: Date of Birth:
Address:
*Beneficiary's full Social Security Number (SSN) or Employer Identification Number (EIN), if an organization.
**Total must equal 100%; if no percentages are indicated, benefit will be allocated equally among lump-sum beneficaries.
100%
0