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55A - RESO - PARS AGMT
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55A - RESO - PARS AGMT
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Last modified
5/28/2020 5:18:44 PM
Creation date
5/28/2020 5:12:59 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
6/2/2020
Destruction Year
2025
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(iv) The Participant and spouse have executed a marriage settlement <br />agreement that makes the community property laws inapplicable to the marriage; <br />or <br />(v) The current spouse has no identifiable community property interest <br />in the benefits. <br />(d) Upon the Employer being provided with written notice of the dissolution <br />of marriage of a Participant, any earlier designation of the Participant's former spouse as <br />a Beneficiary shall be treated as though. the Participant's former spouse had predeceased <br />the Participant, unless prior to payment of benefits on behalf of the Participant (i) the <br />Participant executes and delivers another Beneficiary designation that complies with this <br />Section 1.5 and that clearly names such former spouse as a Beneficiary, or (ii) there is <br />delivered to the Plan a domestic relations order providing that the former spouse is to be <br />treated as the Beneficiary. In any case in which the Participant's former spouse is treated <br />under the Participant's Beneficiary designation as having predeceased the Participant, no <br />heirs or other beneficiaries of the former spouse shall receive benefits from the Plan as a <br />Beneficiary of the Participant except as provided otherwise in the Participant's <br />Beneficiary designation. <br />(e) For purposes of this Section 1.5 only: (1) all references to 'marriage' shall <br />also include 'registered domestic partnerships,' (2) individuals in a 'registered domestic <br />partnership' shall be considered `married,' and (3) all references to a 'spouse' shall also <br />include a `registered domestic partner.' A `registered domestic partner' and a `registered <br />domestic partnership' refers to persons and partnerships satisfying the requirements of <br />the California Family Code and officially registered as of the date of death with the <br />N131:564577.3 55A-46 <br />
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