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Nonspousal Beneficiary distribution & QPSA/QJSA


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Guest jim williams
Posted

My question is in regards to the consent requirements to waive QPSA/QJSA. We have a single participant who died and designated her sister as beneficiary. There was no waiver of QPSA prior to the participant's death. I know the beneficiary can still waive the annuity form of payment, but if she is married, does her spouse have to consent to the waiver?

Posted

The beneficiary can waive the annuity form of payment without the consent of the beneficiary's spouse. The QJSA rules only apply to participants - not to beneficiaries.

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