Section 35 IAC 14-2-14 - Disclaimer of interest in benefitsAuthority: IC 5-10.5-4-2
Affected: IC 5-10.2; IC 5-10.4; IC 32-17.5
Sec. 14.
(a) A member or beneficiary may disclaim in whole or part an interest in the benefits or assets held by TRF of which the member or beneficiary is otherwise entitled pursuant to the Uniform Disclaimer of Property Act (Act) and in accordance with this rule.(b) A disclaimer made under the Act is not a transfer, an assignment, or a release.(c) The disclaimer shall be in writing, titled "Disclaimer", identifying the interest to be disclaimed, and signed by the disclaimant.(d) Any interest disclaimed in accordance with this rule shall pass as if the disclaimant had died immediately before the time of the distribution and such disclaimer is irrevocable once delivered to TRF.Board of Trustees of the Indiana Public Retirement System; 35 IAC 14-2-14; adopted Sep 16, 2011: 20110928-IR-035110563ONA