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IPERS QDRO Instruction Packet

IPERS QDRO Instruction Packet

IPERS QDRO Instruction Packet

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F. Beneficiary—Postretirement Death BenefitsThe Member shall name the Alternate Payee as a designated beneficiary with respectto postretirement death benefits. The Alternate Payee shall receive ______ percent(percentage of postretirement death benefit awarded, if order specifies a percentage method)OR $______ (dollar amount of postretirement death benefit awarded, if order specifies dollaramount method) of the Member’s death benefit. This designation shall be irrevocableunless modified or revoked in a subsequent Qualified Domestic Relations Order.Note 1: This paragraph would be applicable if the Member elected or was mandated toelect <strong>IPERS</strong> Options 1, 2 or 5 at retirement. (See Optional Paragraph C).Note 2: Drafters may use the language “the same percentage as awarded in Paragraph 3of this Order”, if applicable.-OR-Designation of Contingent Annuitant—Postretirement Death BenefitsThe Member shall name the Alternate Payee as the Member’s contingent annuitantunder <strong>IPERS</strong> Option 4. The Alternate Payee shall receive a (see below) percent jointand survivor death benefit payment under this Option. The Member shall not beentitled to name anyone other than the Alternate Payee as the contingent annuitant.This designation shall be irrevocable unless modified or revoked in a subsequentQualified Domestic Relations Order. Notwithstanding subsequent Orders, thisdesignation shall be irrevocable once the Member begins receiving <strong>IPERS</strong> benefits.Effective May 8, 201320

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