About Beneficiary Designation
In the event of your death while employed by APD, your account becomes 100% vested regardless of your years of service. If you die before you begin distributing your account, a spousal beneficiary is eligible for all of the same options that would be available to you as a Plan participant. A spousal beneficiary may elect to defer distributions to a future date, no later than the year when the deceased participant would have attained age 70 ½By default, your spouse is the primary beneficiary of your account. If you are married and wish to appoint a person or entity other than your spouse as the primary beneficiary, spousal consent with notarization is required on the designation of beneficiary form. Secondary beneficiaries are appointed in the event of the simultaneous deaths of the participant and the primary beneficiary.In the event of your death, if no beneficiary designation form is on file, the balance of your AP-MPPP account will be defaulted to your spouse first, and then to your estate if no spouse exists.
Please ensure you have an up-to-date beneficiary designation form on file with the AP-MPPP offices, and it is revised as life events occur (death, marriage, divorce, child birth, etc.).