For those retirees who haven’t updated, or need to update beneficiary information, now is the time to review it. Make sure that your named beneficiary information is current and up-to-date, especially with the State of NJ and the Division of Pensions & Benefits.
Also, please make sure that you have named a contingent beneficiary. If you cannot think of a family member to name, please think about those organizations that you are associated with such as:
Churches, Armed Services, Knight of Columbus, Charities, Hospitals, Universities and Colleges, and last but not least, you may want to consider the Former Troopers Association. It is EXTREMELY important that you have a contingent beneficiary listed.
I know that all retirees list their spouses as their primary beneficiary. However, if a contingent beneficiary is not named and both you and your spouse should happen to die at the same time, same day, then the State of New Jersey will enjoy spending your life insurance money.
Please review your beneficiary information on a regular basis. This information can be viewed and updated through your Members Benefits Online System, (MBOS), account.
If Change of Beneficiary forms are needed, they can be accessed through the Pensions and Benefits website: link to info If you need assistance, please contact me at (609) 649-3221, or email me at BJones@ftanjsp.org. When emailing, please remember to include your badge number, address, and telephone number in the event I need to contact you.
