If the answer to the question is “no” then you need to immediately designate a beneficiary on your Nationwide 457 Deferred Compensation account. As you can see from the chart there are 372 sworn (unit 4, PLEA) police officers that DO NOT have a designated beneficiary on their account. Even if your account balance is small it’s important to designate a beneficiary in order to avoid tying everything up in probate court should estate be contested. And while you’re at it, make sure you have a designated and current beneficiary on file with the City of Phoenix and PLEA. Board members have literally had to go to PLEA members while on their death bed to update their life insurance beneficiary. PLEASE don’t let that happen to you! Here is the information on who to contact to make your beneficiary designations:
Nationwide Retirement Solutions 457 Deferred Comp. Acct. Kathleen Donovan
Office 602-266-2733 ext.1161
Cell PH 602-402-9777
City of Phoenix
262-4777 (or you can make the designation on e-Chris)
PLEA
246-7869 (any of the front office staff can assist you)