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Don’t Forget to Designate a Beneficiary for your Annuity Account with Prudential

Don’t Forget to Designate a Beneficiary for your Annuity Account with Prudential

March 29, 2016

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It is important to elect a beneficiary for your NYCDCC Annuity Fund account with Prudential and to update your beneficiary any time your financial situation changes. Updating your beneficiary ensures that, should you die, your plan assets will go exactly where you want. If you don’t have a current beneficiary on file with Prudential, the Plan (per the rules of the Summary Plan Description), or the courts will make that critical decision for you. Wouldn’t you rather make that decision for yourself?

In case you haven’t already designated a beneficiary for your Annuity account, the form you’ll need will be mailed to you by Prudential sometime in the coming months (between April and June). Please be aware that this form is separate from the beneficiary form you may have previously filled out from the Benefit Funds for the Welfare and Pension Fund.

Please note: If you’re married and want to name someone other than your spouse as your primary beneficiary, you must submit a notarized copy of the spousal consent waiver (found on the beneficiary form).

To check or change your beneficiary for your Annuity benefits, fill out the form that will be sent to you by Prudential or visit www.prudential.com/nycdccbf. If you have any questions regarding your beneficiary for your account with Prudential, call 877-PRU-2100 (877-778-2100) weekdays from 8 a.m. to 9 p.m. ET and say “representative” at the prompt.