Are participants allowed to choose a beneficiary other than a spouse in a Pension Plan? More specifically, can payouts be made upon participant death, to a
Trust if the participant is not married? Most pension benefits appear to be paid only to spouses.
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Pension Plan Distributions
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 MishyMKE |
Pension Plan Distributions |
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Posts: 1 (06/26/08 13:50:43) |
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DCK101 |
Beneficiaries | ||
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Posts: 401 (06/27/08 03:44:23) Elite Member |
The participant's spouse is always the default beneficiary. A spouse may however, provide written consent to name a specific non-spouse beneficiary. That
beneficiary may be a person or a trust.
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