Section 38-844.07 - Designation of deferred retirement option plan beneficiariesA. A member who elects to participate in the deferred retirement option plan shall designate a beneficiary. A member's beneficiary designation applies to all amounts in the member's deferred retirement option plan participation account.B. If a designated beneficiary predeceases a deferred retirement option plan participant who dies before designating a new beneficiary, the beneficiary of the participant's deferred retirement option plan participation account shall be the following persons in the following order of priority:1. The participant's surviving spouse.2. The participant's natural or adopted children in equal shares.3. The participant's estate.C. A member shall not make a beneficiary designation pursuant to this section that results in an abrogation of a member's community property obligations under the applicable laws of this state.Amended by L. 2021, ch. 120,s. 3, eff. 9/29/2021.