PDFWAC 415-501-487

If my beneficiary dies while receiving my accumulated deferrals, who will get the remainder of the account?

If your beneficiary dies while receiving distributions, any remaining balance will be paid according to the beneficiary election on file (see WAC 415-501-480).
(1) If there is no beneficiary election on file, the remaining balance will be paid to your beneficiary's estate.
(2) If your beneficiary is being paid under an annuity you purchased, distribution will be governed by the terms of the annuity contract.
[Statutory Authority: RCW 41.50.050. WSR 20-17-006, § 415-501-487, filed 8/5/20, effective 9/5/20. Statutory Authority: RCW 41.50.050(5), 41.50.780(10), and 41.50.770. WSR 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. WSR 02-01-121, § 415-501-487, filed 12/19/01, effective 1/1/02. Statutory Authority: RCW 41.50.770, [41.50.]780 and 41.50.050. WSR 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). WSR 96-16-020, § 415-512-087, filed 7/29/96, effective 7/29/96.]