Haw. Code R. § 14-59-4

Current through November, 2024

Section 14-59-4 - Designation of beneficiary

A participant shall designate in writing a beneficiary or beneficiaries, who shall receive the participant's benefits in the event of the participant's death. If a beneficiary has not been designated, the designated beneficiary is no longer living, or the designated beneficiary is unable to be located, amounts deferred or remaining amounts deferred shall be payable in the following order:

(1) The surviving spouse;

(2) If there is no surviving spouse, then natural or adopted children, in equal shares;

(3) If there are no natural or adopted children, then the parents, in equal shares;

(4) If there are no parents, then brothers and sisters, in equal shares;

(5) If there are no brothers or sisters, then stepchildren, in equal shares; and

(6) If there are no stepchildren, then the participant's estate.

Haw. Code R. § 14-59-4

Am and Comp 3/24/2018