HAR §14-59-4. Designation of beneficiary

A participant shall designate in writing a beneficiary or beneficiaries, who shall receive the participant's benefits in the event of the participant's death. In the event a beneficiary has not been designated or the designated beneficiary is no longer living, amounts deferred or remaining amounts deferred shall be payable to the beneficiary in the following order: (1) The surviving spouse; (2) If there is no surviving spouse, then natural or adopted children, in equal shares; (3) If there are no natural or adopted children, then the parents, in equal shares; (4) If there are no parents, then brothers and sisters, in equal shares; (5) If there are no brothers and sisters, then stepchildren, in equal shares; or (6) If there are no stepchildren, then the participant's estate. [Eff APR 26 1997] (Auth: HRS §88F-3) (Imp: HRS §88F-3) 59-4 2015