Can a designated beneficiary disclaim entitlement to a benefit?
Yes. Any person who was a beneficiary as of the date of the employee’s death, but is not a beneficiary as of September 30 of the calendar year following the calendar year of the employee’s death is not taken into account in determining the employee’s designated beneficiary for purposes of determining the distribution period for required minimum distributions after the employee’s death. If a person disclaims entitlement to the employee’s benefit pursuant to a disclaimer that satisfies Code section 2518 by that September 30, the disclaiming person is not treated as a designated beneficiary.
Related Questions
- I have been told that my application for Attendance Allowance / Disability Living Allowance has been successful - how will this affect my benefit entitlement?
- Under what circumstances is leave designated as FMLA leave and counted against the employee s total entitlement?
- Can a designated beneficiary disclaim entitlement to a benefit?
