Iowa Admin. Code r. 495-14.6

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 495-14.6 - Payment of the death benefit when no designation of beneficiary or an invalid designation of beneficiary form is on file

When no designation of beneficiary or an invalid designation of beneficiary form is on file with IPERS, payment shall be made in one of the following ways.

(1) Where the estate is open, payment shall be made to the administrator or executor where said executor or administrator shall be duly appointed and serving under Iowa Code chapter 633 or 635.

(2) Where no estate is probated or the estate is closed prior to the filing with IPERS of an application for death benefits, payment will be made in accordance with the intestacy laws of the state of Iowa. If someone other than those identified pursuant to the intestacy laws of the state of Iowa claims entitlement to a death benefit, an estate must be opened and the death benefit shall be payable to the administrator or executor of the estate.

Iowa Admin. Code r. 495-14.6

Amended by IAB April 8, 2020/Volume XLII, Number 21, effective 5/13/2020