WAC 415-111-410: Submitting a beneficiary designation for Plan 3 members.

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WACs > Title 415 > Chapter 415-111 > Section 415-111-410

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415-111-400 << 415-111-410 >> 415-111-440

WAC 415-111-410	No agency filings affecting this section since 2003
Submitting a beneficiary designation for Plan 3 members.

  (1) You may designate or change a beneficiary for your defined contribution account at any time. When received by the department, the most recent beneficiary designation supersedes all prior beneficiaries and will be used for your Plan 3 defined contribution account.

     (2) If you designate a beneficiary as a Plan 2 member and move to Plan 3, the Plan 2 beneficiary designation will be used as your Plan 3 defined contribution account beneficiary.

     (3) The beneficiary you designate for your defined contribution account can be different from the beneficiary you designate when you apply for your defined benefit retirement.

[Statutory Authority: RCW 41.50.050(5), 41.40.835, 41.40.845. 02-03-120, § 415-111-410, filed 1/23/02, effective 3/1/02.]