Title 03 Administration and Personne l
Chapter 03.05 Spokane Employees' Retirement System
Section 03.05.175 Be
ne ficiary Designations
Bene ficiary Designations, Gene rally.
At any time before the earlier of the member’s retirement or death, a member may designate a ne w bene ficiary or revoke a previous designation of bene ficiary for the purposes of the payment of death bene fits under SMC 3.05.170 .
Requirements of Valid Bene ficiary Designations.
To be considered a valid bene ficiary designation, such designation must be:
In a written format acceptable to the board;
Signe d and dated by the member; and
Received by the retirement system before the earlier of the member’s retirement or death.
Effect of Receipt of Valid Bene ficiary Designation.
The receipt by the retirement system of a member’s ne w bene ficiary designation revokes all previous otherwise valid bene ficiary designations made by that member.
Bene ficiary Designation not Gene rally Not Modifiable by Agreement.
The right of a designated spousal bene ficiary to receive a death bene fit under SMC 3.05.170.A or B . may not be deemed nullified or waived by any agreement or property settlement between the member and the bene ficiary, or on behalf of either of them, except to the extent that such agreement or property settlement constitutes a qualified domestic relations order under SMC 3.05.240.B .
Subsequent Life Events do not Revoke Existing Bene ficiary Designations.
The marriage, divorce, remarriage, dissolution or invalidation of a marriage or state registered domestic partne rship, or termination of a state registered domestic partne rship will not revoke, affect or otherwise invalidate an otherwise valid bene ficiary designation under this SMC 3.05.175 previously executed by a member and filed with the retirement system. Accordingly, by operation of RCW 11.07.010(2)(b)(i), amounts payable under SMC 3.05.710 are not subject to RCW 11.07.010. ”
Date Passed: Monday, November 8, 2021
Effective Date: Wedne sday, December 15, 2021
ORD C36127 Section 3