Section 31760.8 - Revision of designated beneficiary of elected settlement(a) Notwithstanding Section 31782, a retired member, in order to provide for his or her spouse, shall be entitled to revise the designated beneficiary of an optional settlement elected pursuant to Section 31762, 31763, or 31764 at the time of retirement, if all of the following criteria are satisfied: (1) The member retired on or before the date the board made Section 31760.2, 31785.1, or 31786.1 applicable in the county.(2) At retirement, the member was unmarried or had been married less than one year.(3) The member's spouse is at least 55 years of age and is older than the originally designated beneficiary.(4) The member's application satisfies the requirements described in subdivisions (b) and (c).(b)(1) An application for a revision of an optional settlement pursuant to this section shall include the signature of the designated beneficiary of the optional settlement acknowledging the revision or shall include a written declaration of one or more of the following as may be applicable to the member: (A) The beneficiary has no identifiable community property interest in the benefit.(B) The member does not know, and has taken all reasonable steps to determine, the whereabouts of the beneficiary.(C) The beneficiary has been advised of the application and has refused to sign the written acknowledgment.(D) The beneficiary is incapable of executing the acknowledgment because of an incapacitating mental or physical condition.(2) The purpose of this subdivision is to notify the beneficiary of the revision of an optional settlement made by a member that may affect the entitlement of the beneficiary.(3) A person who knowingly provides false information in the written declaration submitted pursuant to paragraph (1) shall be subject to a civil penalty of not less than one thousand dollars ($1,000) and not more than twenty-five thousand dollars ($25,000), in addition to any civil remedies available to the board. An action to impose a civil penalty pursuant to this paragraph may be brought by any public prosecutor in the name of the people of the state.(c) In addition to the requirements of subdivision (b), if the originally designated beneficiary of the optional settlement is a former spouse or domestic partner of the member, the application for revision of an optional settlement shall also evidence agreement to the revision by the former spouse or domestic partner.(d) After revision, the member's retirement allowance shall remain the same as provided by the optional settlement, adjusted by any cost-of-living increases that have been added to the retirement allowance.(e) The retirement system has no obligation to locate or otherwise contact retired members who may qualify for a revision under this section.(f) No actions taken pursuant to this section excuse the obligation of a member to provide a continuing benefit to a former spouse or other person pursuant to court order.(g) This section is not applicable in any county until the board of retirement, by resolution adopted by a majority vote, makes this section applicable in the county. The board's resolution may designate a date, which may be prior or subsequent to the date of the resolution, as of which the resolution and this section shall be operative in the county.Added by Stats 2014 ch 726 (AB 1824),s 1, eff. 1/1/2015.