Kan. Admin. Regs. § 80-5-18

Current through Register Vol. 43, No. 49, December 5, 2024

Section 80-5-18 - Designation of beneficiary; filing with institution

(a) Members of the faculty and other persons employed by educational institutions under the management of the state board of regents and the state board of education who are receiving assistance in the purchase of a retirement annuity as set out in K.S.A. 74-4925, and amendments thereto, and who are members for the purpose of having provided the "insured death benefit" and "long-term disability benefit" as prescribed in K.S.A. 74-4927, and amendments thereto, shall designate beneficiaries on forms provided by the system and shall file the designation of beneficiary with the designated agent for the institution. The designation of beneficiary shall become effective upon the filing of a properly completed form with the designated agent and shall cancel any and all other designations of beneficiaries that may have been made for payments of benefits under the Kansas public employees retirement system. If a member described above who has previously attained membership in the Kansas public employees retirement system files a designation of beneficiary as provided above, the designated agent of the institution shall immediately forward the designation of beneficiary to the retirement system.

(b) K.A.R. 80-5-10 through 80-5-14 shall apply to employees of the educational institutions specified above, as appropriate.

Authorized by K.S.A. 1997 Supp. 74-4909, as amended by L. 1998, ch. 64, § 27; implementing K.S.A. 1997 Supp. 74-4925; effective Jan. 1, 1974; amended Sept. 10, 1999.