Maine Statutes
§ 5 §18552 — Designated beneficiary
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 425 PARTICIPATING LOCAL DISTRICTS
A qualifying member may designate a beneficiary to receive benefits upon the qualifying member's death by filing a written designation of beneficiary with the chief executive officer. The last designation of any beneficiary revokes all previous designations. In order to be in effect, the written designation must be received by the retirement system office or be postmarked before the qualifying member's death.
1.Designation of more than one beneficiary.
A member may designate more than one person as a beneficiary subject to the following limitations.
2.Limitations.
If a member designates as beneficiaries 2 or more persons, all must meet the requirements of one, and only one, of the subparagraphs of subsection 1, paragraph A, otherwise their eligibility to receive a benefit under this arti
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Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 658, §5 (AMD). PL 2011, c. 449, §20 (AMD). PL 2021, c. 548, §45 (REV).
Nearby Sections
15
§ 5 §18501
Definition§ 5 §18501-A
Applicability§ 5 §18502
Application§ 5 §18503
Examination or tests§ 5 §18504
Qualification for benefit§ 5 §18505
Computation of benefit§ 5 §18506
Reduction in amount of benefit§ 5 §18507
Payment of benefit§ 5 §18508
Statement of health§ 5 §18509
Statement of compensation§ 5 §1851
Definitions§ 5 §18510
Optional election§ 5 §18512
Rehabilitation§ 5 §1852
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