WRS News Online

Why It's Important to Keep Your Beneficiary Designation Upated

When it comes to your Wisconsin Retirement System account, few things are more important than keeping your beneficiary designation up to date. Did you know that your beneficiary does not automatically change when your life circumstances change, or that your will does not constitute a WRS beneficiary designation?

Be sure your WRS beneficiary designation accurately reflects how you would want your WRS benefits paid in the event of your death. The law requires the Department of Employee Trust Funds to follow your written instructions on the WRS beneficiary designation form we have on file — even if, for example, it lists old information, such as a former spouse.

What is the easiest way to ensure your designation is current? Call ETF at 1-877-533-5020 or download a Beneficiary Designation form from our website. Complete the form and submit it to ETF by mail or fax. If you have a Wisconsin Deferred Compensation Program account, make sure your beneficiary designation for that account is current as well. Call the WDC at 1-877-457-9327 or visit the WDC's website.