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RE: Beneficiary Designation for
Virginia Retirement System Defined Contribution Plans
Dear Plan Participant,
Naming and updating the beneficiary for
your Virginia Retirement System Defined Contribution
Plans is one of the most important, but
overlooked, decisions you will make when managing
your retirement account. In the event of
your death, you want to be sure that your account is
distributed to whom you choose. Because
this is so important, we want to make sure we have up
to date information in our system.
Many of you have named a beneficiary for
your 457 Deferred Compensation Plan, but have you
named one for your 401 (a) Cash Match
Plan? The easiest way to be sure is to log on to your
account at www.vadcp.com, choose your
401 (a) Cash Match Plan and select Beneficiary on the
left hand menu.1 Everything look okay?
Great, but don't forget to review and update the
beneficiary information for both your
457 Deferred Compensation and 401 (a) Cash Match
account periodically or as life changes
neccessitate.
Do you need to add or update the
information? On the left-hand menu, click on Change Account,
Beneficiary then Change
Beneficiary.
Prefer to make your beneficiary
designation in paper? You may also complete the Beneficiary
Designation Form included with this
letter. (See
Form) Note that this form asks for a Social Security
number for each named beneficiary – this
information is not required in order to designate a
beneficiary. Return the completed form
to the following address:
Great-West Retirement Services®
P.O. Box 173764
Denver, CO 80217-3764
The beneficiary designations you make on
this form will supersede and replace any prior
designations you may have submitted for
the Plan, so make sure to indicate the date next to your
signature. You may call Key Talk® at
(866) 226-6682 if additional copies of this form are
needed.1
Sincerely,
Great-West Retirement Services
1 Access to Key Talk and the Web site may
be limited or unavailable during periods of peak demand, market
volatility, systems
upgrades/maintenance, or other reasons.
Great-West Retirement Services@ refers to
products and services provided by Great-West Life & Annuity Insurance
Company and its subsidiaries
and affiliates. Securities, when offered,
are offered through GWFS Equities, Inc., a wholly owned subsidiary of
Great-West Life & Annuity
Insurance Company. Great-West Retirement
Services* and KeyTalk* are service marks of Great-West Life & Annuity
Insurance Company. Not
intended for use in New York. ©2007
Great-West Life & Annuity Insurance Company. All rights reserved. CB
1007BL (07/27/2007) |
