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Rule Title: DESIGNATION OF BENEFICIARY BY RETIREES, ALTERNATE PAYEES, AND CONTINGENT ANNUITANTS
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Department: ADMINISTRATION
Chapter: PUBLIC EMPLOYEES' RETIREMENT BOARD
Subchapter: Applying for Retirement - Service or Disability
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.43.2610    DESIGNATION OF BENEFICIARY BY RETIREES, ALTERNATE PAYEES, AND CONTINGENT ANNUITANTS

(1) A retiree, alternate payee, or contingent annuitant shall make the selection of beneficiary in writing and on the form provided by MPERA, dated and signed by the individual participant, and witnessed by a disinterested third party. 

(2) Except as provided in (3), the designation of beneficiary shall be effective immediately upon filing with MPERA.

(3) If a retirement system member who has applied for retirement dies prior to receipt of their initial retirement benefit, the member's beneficiary must revert to the beneficiary or beneficiaries designated on their retirement system membership form.

 

History: 19-2-403, MCA; IMP, 19-2-801, 19-2-907, 19-3-1501, 19-5-701, 19-7-1001, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08; AMD, 2020 MAR p. 391, Eff. 2/29/20.


 

 
MAR Notices Effective From Effective To History Notes
2-43-591 2/29/2020 Current History: 19-2-403, MCA; IMP, 19-2-801, 19-2-907, 19-3-1501, 19-5-701, 19-7-1001, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08; AMD, 2020 MAR p. 391, Eff. 2/29/20.
2-43-403 12/1/2008 2/29/2020 History: 19-2-403, MCA; IMP, 19-2-801, 19-2-907, 19-3-1501, 19-5-701, 19-7-1001, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08.
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