Okla. Admin. Code § 590:10-9-2

Current through Vol. 42, No. 6, December 2, 2024

Section 590:10-9-2 - Death benefit payment

(a)Payment of benefit. The four thousand dollars ($4,000) death benefit, available for any retired member who died on or after July 20, 1987, shall be payable to the beneficiary listed by the member or to the member's estate. This beneficiary designation is not affected by any designation of joint-annuitant, deferred compensation beneficiary or insurance beneficiary, unless otherwise specifically designated in writing by member. For any retired member who died on or after July 1, 1999, the death benefit amount shall be five thousand dollars ($5,000).

(b)Assignment of benefit. The beneficiary, or if none the member's estate or the heirs of the member in the case of a probate waiver, may assign the death benefit to a person licensed as a funeral director or to a lawfully recognized business entity licensed as required by law to provide funeral services for the deceased member.

Amended at 17 Ok Reg 608, eff 12-2-99 through 7-14-00 (emergency)¹; Amended at 17 Ok Reg 3178, eff 7-27-00; Amended at 28 Ok Reg 95, eff 9-17-10 (emergency); Amended at 28 Ok Reg 664, eff 5-12-11

¹This emergency action expired without being superseded by a permanent action. Upon expiration of an emergency amendatory action, the last prior permanent text is reinstated. Therefore, on 7-15-00 (after the 7-14-00 expiration of the emergency action), the text of Section 590:10-9-2 reverted back to the permanent text that was effective prior to enactment of the emergency action on 12-2-99, as was last published in the 1996 Edition of the OAC, and remained as such until amended by permanent action on 7-27-00.