New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System
Part 342 - Filing Of Option Elections Under Article 14 Of The Retirement And Social Security Law
Section 342.2 - Form; extent of revocability
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 342.2
Current through Register Vol. 46, No. 39, September 25, 2024
A member, or person authorized by section 514 of the Retirement and Social Security Law to make an election on a member's behalf, may designate a beneficiary under any of the options herein provided. Each such designation shall be:
(a) made in writing on a blank provided by the Comptroller for such purpose; and
(b) ineffective until it is filed in the Comptroller's office; and
(c) revocable to the extent that:
(1) a new
beneficiary under option three or option four may be designated at any time
during the member's life;
(2) a new
beneficiary under any other option may be designated at any time within the
period provided for the making of an election pursuant to this
section.
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