Life changes. Have you kept up?
Several major events can render employee records outdated and can lead to complications when benefits are dispersed upon death, according to Carlin Hill of ITD’s Human Resources office.
“It is important for employees to update their beneficiary forms and send those changes to Human Resources if their beneficiaries change,” Hill says. Marriage, divorce or death of a beneficiary are primary reasons employees should update their information, she says.
Changes could affect beneficiaries of the life insurance and supplemental life insurance policies offered as part of ITD employment, supplemental life insurance through the National Conference on Public Employee Retirement Systems (NCPERS) and survivor benefits through the Public Employee Retirement System of Idaho (PERSI).
If beneficiaries change but information is not current, the payment of death benefits could be delayed.
“Employees also should make sure other ‘non-state’ (insurance/retirement) plans are updated anytime their status changes,” Hill added.
Anyone with questions about the status of his or her personal information should contact HRS at Headquarters or the appropriate district business office, Hill suggests.