2023-02-22 CC Packet - REVISED - Laserfiche WebLink

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other considerations all future PERA benefits. Should you elect to receive a refund, your employer's matching contributions are not refundable. They remain with PERA to provide retire- ment, disability, and survivor benefits. Once General Plan enrollment is elected, Plan member- ship is irrevocable. DCP AND DEFINED BENEFIT PLANS: If you are contributing to the DCP and at the same time are eligible for a monthly retirement benefit from the General Plan, Police & Fire, or Correctional Plan, you may begin collect your pension benefit while contributing to the DCP. Additionally, if you are already collecting a monthly retirement benefit, you may participate in the DCP. Restrictions on beginning to collect your benefit(s) while employed may apply if the General Plan service and DCP service are with the same employer. •----------------------------------------------- For more details on the General Plan, includ- ing contribution rates, vesting, termination requirements, and benefit information, please review the General Plan Handbook or contact a PERA Service Representative. ---------------------------------------------------------- beneficiaries, MY PERA BENEFICIARIES Upon your death, your named beneficiary(ies) will receive any balance in your DCP account. Your account will be paid to your primary beneficiary(ies). If both you and your primary beneficiary(ies) are deceased, your account will be paid to your secondary beneficiary(ies). A beneficiary may be any specific person(s), whether or not a relative, a trust, or any specific entity such as a church, charity, or organization. If you have no named beneficiary(ies), or if they pre- decease you, any account balance will be distributed as follows: Your spouse; I ✓ If you have no surviving spouse, your estate. It's important to designate primary and secondary benefi- ciaries and to keep your beneficiaries up to date. You can designate beneficiaries in your MY PERA account, or by using a Change Form that can be found on mnpera.org or by contacting a PERA Service Representative. MY PERA-YOUR 24/7 ACCESS MY PERA makes it simple and fast to update your per- sonal information, change your address, add beneficia- ries, or view your benefits. At this time, it is not possible to change DCP investment selections in your MY PERA account. Please visit mnpera.org and click on the MY PERA Login button. It's easy to register. Click on the Register as a New User button on the left side of the screen and follow the prompts. You will need your PERA ID to register. You can find your PERA ID in the upper -right corner of benefit statements you have received, request it through the MY PERA registration process, or you can contact a PERA Service Representative. PERA will mail your ID to you. For account security, your PERA ID is not disclosed over the phone, fax, or e-mail. 8