IPERS QDRO Instruction Packet

-OR-Designation of Contingent Annuitant—Postretirement Death BenefitsThe Member shall name the Alternate Payee as the Member’s contingent annuitantunder IPERS Option 6. 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.Notwithstanding the foregoing, if the Member retires and the Alternate Payee diesbefore the Member, and the Order provides for a Successor Alternate Payee, theSuccessor Alternate Payee shall receive ____ percent (percentage of postretirement deathbenefit awarded, if order specifies a percentage method) OR $____ (dollar amount ofpostretirement death benefit awarded, if order specifies dollar amount method) of any lumpsumdeath benefit payable (the death benefit that would be payable if the Memberhad selected Option 2 at retirement).NOTE 1: If the QDRO requires the Member to select Option 4 or Option 6 and name theAlternate Payee as contingent annuitant, per administrative rule 495―16.2(3)”k”, a copyof the Alternate Payee’s birth certificate must be provided before a QDRO can bequalified.NOTE 2: The available percentages under Options 4 or 6 are 25, 50, 75 or 100% of themember’s monthly benefit. Per administrative rule 495―16.2(3)”k”, IPERS will not acceptor administer an Order that attempts to use wording that leaves the percentage choiceundetermined or up to the election of the Member at retirement. Drafters must include amandated percentage the Member selects at retirement form the percentages listed above.Effective May 8, 201321