Wash. Admin. Code § 415-501-487

Current through Register Vol. 24-21, November 1, 2024

Section 415-501-487 - If my beneficiary dies while receiving my accumulated deferrals, who will get the remainder of the account?

(1) If your beneficiary dies while receiving distributions, any remaining balance will be paid according to their beneficiary election on file (see WAC 415-501-480) .

(2) If there is no beneficiary election on file, the remaining balance will be paid to your beneficiary's estate.

Wash. Admin. Code § 415-501-487

Amended by WSR 20-17-006, Filed 8/5/2020, effective 9/5/2020

Amended by WSR 22-17-049, Filed 8/11/2022, effective 9/11/2022

Statutory Authority: RCW 41.50.050(5), 41.50.780(10), and 41.50.770. 04-22-053, §415-501-487, filed 10/29/04, effective 11/29/04. Statutory Authority: RCW 41.50.050(5), 41.50.030(2), 41.50.088(2), 41.50.770, and 41.50.780, 26 U.S.C. (Internal Revenue Code) and related tax regulations. 02-01-121, §415-501-487, filed 12/19/01, effective 1/1/02. Statutory Authority: RCW 41.50.770, [41.50.]780 and41.50.050 . 00-11-104, amended and recodified as §415-501-487, filed 5/18/00, effective 6/18/00. Statutory Authority: RCW 41.50.050 and 41.50.780(11). 96-16-020, § 415-512-087, filed 7/29/96, effective 7/29/96.