Payment of death benefits to named beneficiary.
Oklahoma City Municipal Code § 40-77
in effect§ 40-77. - Payment of death benefits to named beneficiary.
On a form which shall be provided by the System, each Participant shall name a beneficiary to receive death benefits not otherwise payable under the System as provided in Sections 40-70 through 40-74, and may change his/her beneficiary from time to time in the same manner. The Participant may designate his/her estate as beneficiary. Such death benefits are payable as follows:
(1) if a Participant dies and no benefits are payable under Sections 40-70 through 40-74, there will be payable to his/her beneficiary the amount of the Participant's Employee Contribution Account as of the date benefits commence to the Participant less the total payments already made to the Participant.
(2) if a Participant dies on or after his/her normal or early retirement date and the joint and survivor annuity option has become effective, there will be payable to the beneficiary at the Participant's death, or at the death of the Joint Annuitant, whichever occurs later, the Participant's Employee Contribution Account as of the date benefits commence to the Participant less the total payments made under Sections 40-70 and 40-72.
(3) in the event a Participant dies after a divorce from the person designated as the beneficiary by the Participant, all provisions in the beneficiary designation in favor of the Participant's former spouse are revoked unless the decree of divorce or annulment contains a provision expressing an intention contrary or the Participant makes the beneficiary designation subsequent to the divorce or annulment. Unless either of the exceptions applies, the Participant's former spouse is treated for all purposes as having predeceased the Participant.
(4) if there is no designated beneficiary surviving at the death of the Participant, payment of any death benefit shall be made to the estate of the deceased Participant.
(Ord. No. 21916, § 2, 2-12-02; Ord. No. 23463, § 2, 10-9-07)
Source: City of Oklahoma City, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ok/oklahoma_city/codes/code_of_ordinances?nodeId=OKMUCO2020_CH40PERESY_ARTIIIPERE_DIV1EMREPR_PTBGEPR_S40-77PADEBENABEFetched: 10/28/2026