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 345 - Additional Options Upon Retirement For Tier 1 And 2 Members Of The New York State And Local Retirement Systems
Section 345.8 - Designation of beneficiary
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 345.8
Current through Register Vol. 46, No. 12, March 20, 2024
(a) A beneficiary maybe designated in accordance with the provisions of sections 90 and 390 of the Retirement and Social Security Law. Each such designation shall be:
(1) made
in writing on a blank provided by the Comptroller for such a purpose;
and
(2) ineffective until it is
filed in the office of the Comptroller.
(b) A member electing the five-year certain option or the ten-year certain option may designate a primary beneficiary, or a primary beneficiary with a contingent beneficiary. A member may not designate multiple primary beneficiaries for the benefits payable under these options unless the designation provides for the benefits to be distributed to such primary beneficiaries on a per capita basis ("share and share alike of those surviving").
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