| Section: |
Employee/Labor Relations |
Section Number: |
4.9.2 |
| Subject: |
Other Working Conditions - Beneficiary Designation |
Date of Present Issue: |
04/11/11
|
| |
Date of Previous Issues:
03/01/87, 10/15/01 |
POLICY:
All new employees of the University must complete the Beneficiary Designation
form as part of the orientation procedure. At the death of an employee, all
earned compensation due from the University will be paid to the designated
beneficiary.
At the death of an employee while in authorized travel status, the University's
Business Travel Accident Insurance benefit will be paid to the designated beneficiary.
An employee may designate different individuals for earned compensation and
business travel accident insurance by completing a separate form for each benefit.
If a beneficiary designation form is not executed by an employee, payment of
compensation due at the time of death will be made to the executor or administrator
of the employee's estate.
Beneficiaries for life and other insurance benefits will be designated by
the employee on the application card of the specific benefit at time of enrollment,
where applicable.
PROCEDURE
| WHO |
DOES WHAT |
| New Employee |
1. Completes items in Section I of the Beneficiary Designation form. |
| Notary Public |
2. Completes Section II if the designated beneficiary is not the employee's
spouse. |
| Office of Human Resources |
3. Completes Section III in all cases. Retains original for permanent
personnel file. |
| Employee |
4. May change beneficiary designation at any time by completing a new
form. (Death of beneficiary, or divorce from spouse if designated as beneficiary,
voids this designation and a new form must be completed). |
|
