Your Power of Attorney and KPERS
Your Power of Attorney and KPERS
Your Power of Attorney and KPERS
For KPERS purposes, a power of attorney is a legal document granting an individual the ability to make decisions
for a
retiree, joint annuitant, a minor or beneficiary. Many retirees grant a trusted friend or family member their power
of attorney to make important financial decisions if they become unable to.
If the person with your power of attorney will be handling your KPERS business, there are a few things you should know.
Someone with your power of attorney can:
- update your address or other information if it changes.
- conduct banking or account number changes for you.
- discuss KPERS business on your behalf.
Someone with your power of attorney cannot:
- change or remove your KPERS beneficiary.
- designate a new KPERS beneficiary.
KPERS Requirements
-
Make sure KPERS has a certified copy of the document on file. A certified copy is one that is legally equivalent to the original document, complete with your notarized signature. Without it, KPERS cannot conduct or discuss your retirement business, even with your family members.
-
If the document is activated by a specific date, event or condition, your attorney in fact should send KPERS an affidavit stating that it is activated when the date, event or condition occurs.
- If you revoke your power of attorney, please let KPERS know in writing.
These requirements are meant to protect your personal information and to make sure your power of attorney is legitimate.