HB 6290 Summary

• Amends Section 31 of the State Employees' Retirement Act to allow retirants who selected a reduced retirement allowance with a spouse as beneficiary to reselect the same option after remarriage if the previous spouse predeceases them and the new marriage lasts 3 years.

• Permits a retirant to revert to the reduced retirement allowance option with the new spouse as beneficiary effective the first day of the month following retirement board approval, with proper written designation and documentation required.

• Allows a retirant receiving a reduced retirement allowance to have their payment option voided if divorced from the designated spouse beneficiary, with the allowance reverting to a regular retirement allowance subject to any court order under the Public Employee Retirement Benefit Protection Act.

• Establishes that a retirement allowance beneficiary can only be a spouse, sibling, parent, child (including adopted), or grandchild, and cannot be changed on or after the effective date of the retirement allowance except through death of the beneficiary or divorce.