Sec. 345.8. Designation of beneficiary  


Latest version.
  • (a) A beneficiary maybe designated in accordance with the provisions of sections 90 and 390 of the Retirement and Social Security Law. Each such designation shall be:
    (1) made in writing on a blank provided by the Comptroller for such a purpose; and
    (2) ineffective until it is filed in the office of the Comptroller.
    (b) A member electing the five-year certain option or the ten-year certain option may designate a primary beneficiary, or a primary beneficiary with a contingent beneficiary. A member may not designate multiple primary beneficiaries for the benefits payable under these options unless the designation provides for the benefits to be distributed to such primary beneficiaries on a per capita basis (“share and share alike of those surviving”).