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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2020
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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2020
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Last modified
8/20/2024 11:32:07 AM
Creation date
6/23/2020 8:58:21 AM
Metadata
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Contracts
Company Name
PUBLIC AGENCY RETIREMENT SERVICES (PARS)
Contract #
A-2020-119
Agency
Finance & Management Services
Council Approval Date
6/2/2020
Expiration Date
6/30/2027
Insurance Exp Date
7/30/2023
Destruction Year
2031
Notes
For Insurance Exp. Date see Notice of Compliance; A-2016-170,A-2016-375, A-2016-170-01
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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 />NB 1:564577.3 55A1-46 <br />
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