354.465 MODIFICATION IN SURVIVOR COVERAGE IN CERTAIN INSTANCES.
Any person who elected joint and survivor annuity coverage pursuant to section
354.46,
subdivision 2
, prior to July 1, 1981, and the spouse of the person shall be entitled to modify that
election by making a joint specification in writing on a form prescribed by the executive director
that the benefits provided in section
354.46, subdivision 2, or
354.47, subdivision 1, whichever
is applicable, shall be paid only to a designated beneficiary. Authority for any person and the
spouse of the person to modify the prior election shall expire on the date of the retirement of the
person who elected the coverage or the date of death of the person who elected the coverage
whichever occurs first.
History: 1981 c 156 s 7; 1982 c 578 art 3 s 17