Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO:
KRS
16.645(10), (29),
61.623,
61.630,
78.545(16),
(40)
NECESSITY, FUNCTION, AND CONFORMITY:
KRS
61.645(9)(e) authorizes the
Board of Trustees of Kentucky Retirement Systems to promulgate all
administrative regulations necessary or proper in order to carry out the
provisions of
KRS
61.515 to
61.705,
16.510
to
16.652,
and
78.520
to
78.852.
This administrative regulation establishes the procedures for issuance of
benefits when the death of the recipient is after the member's
retirement.
Section 1. After learning
of the death of a recipient, the retirement system shall contact the named
beneficiary or estate of the deceased.
Section
2. The following information shall be required before benefits
shall be paid:
(1) A copy of the recipient's
death certificate. If the death certificate shows the cause of death to be
homicide or the subject of a pending investigation, the retirement office may
also require additional evidence relating to the cause of death or
investigations and arrests by enforcement agencies and may delay benefits until
the cause of death is fully explained;
(2) If there is a benefit payable to a
beneficiary and the beneficiary is deceased, a copy of the beneficiary's death
certificate;
(3) If the beneficiary
is a minor child, a copy of the child's birth verification and a Form 6110,
Affidavit of Authorization to Receive Funds on Behalf of Minor. If the minor
child has a court appointed guardian or conservator and the court appointed
guardian or conservator completed the Form 6110, Affidavit of Authorization to
Receive Funds on Behalf of Minor, the guardian or conservator shall submit a
copy of the court order appointing the guardian or conservator;
(4) If the beneficiary is divorced from the
recipient, a copy of the divorce decree;
(5) If the beneficiary is the surviving
spouse of the deceased member and the spouse elects a direct rollover or direct
payment of an actuarial refund, refund of contributions, or $5,000 Death
Benefit, a Form 6025, Direct Rollover/Direct Payment Election Form for a Member
or a Spouse Beneficiary of an Eligible Rollover Distribution; and
(6) If the beneficiary is not the surviving
spouse of the deceased member and the nonspouse beneficiary elects a direct
rollover or direct payment of an actuarial refund, refund of contributions, or
$5,000 Death Benefit, a Form 6026, Direct Rollover/Direct Payment Election Form
for a Non-Spouse Beneficiary of an Eligible Rollover Distribution.
(7) If the payments are due to an estate, a
copy of the court order appointing the executor, administrator, or personal
representative of the estate, or a copy of the court order dispensing with
formal administration of the estate on which the payments due the estate are
listed.
(8) The beneficiary or
authorized individual shall sign a Form 6810, Certification of Beneficiary,
provided by the retirement system.
Section 3. Payments shall not be made until
all required information, documents, and completed forms are received at the
retirement office.
Section 4.
(1) A recipient shall complete a Form 6130
Authorization for Deposit of Retirement Payment, to have the monthly retirement
allowance deposited to an account in a financial institution.
(2) The recipient and the financial
institution shall provide the information and authorizations required for the
electronic transfer of funds from the State Treasurer's Office to the
designated financial institution.
(3)
(a) At
any time while receiving a retirement allowance, the recipient may change the
designated institution by completing a new Form 6130, Authorization for Deposit
of Retirement Payment, and filing the form at the retirement office.
(b) The last Form 6130, Authorization for
Deposit of Retirement Payment, on file at the retirement office shall control
the electronic transfer of the recipient's retirement allowance.
(4) The recipient may complete a
Form 6135, Request for Payment by Check, if the recipient does not currently
have an account with the financial institution or the recipient's financial
institution does not participate in the electronic funds transfer
program.
Section 5.
Incorporation by Reference.
(1) The following
material is incorporated by reference:
(a)
Form 6110, "Affidavit of Authorization to Receive Funds on Behalf of Minor",
May 2003;
(b) Form 6810,
"Certification of Beneficiary", May 2008;
(c) Form 6130, "Authorization for Deposit of
Retirement Payment", May 2008;
(d)
Form 6135, "Request for Payment by Check", February 2002; and
(e) Form 6025, "Direct Rollover/Direct
Payment Election Form for a Member or a Spouse Beneficiary of an Eligible
Rollover Distribution", May 2008; and
(f) Form 6026, "Direct Rollover/Direct
Payment Election Form for a Non-Spouse Beneficiary of an Eligible Rollover
Distribution", May 2008.
(2) This material may be inspected, copied,
or obtained, subject to applicable copyright law, from Kentucky Retirement
Systems, Perimeter Park West, 1260 Louisville Road, Frankfort, Kentucky 40601,
Monday through Friday, 8 a.m. to 4:30 p.m.
STATUTORY AUTHORITY:
KRS
61.645(9)(e)