NECESSITY, FUNCTION, AND CONFORMITY:
161.310 requires the Board of Trustees of
Teachers' Retirement System (TRS) to promulgate administrative regulations for
the administration of funds of the retirement system and for the transaction of
161.655 provides that upon the death of a
member or retiree, a life insurance benefit shall be provided. This
administrative regulation establishes the process for issuance of the benefit
upon the death of a member or retiree.
1. Following notification of the death of a member or retiree, TRS
shall contact the named beneficiary or estate of the deceased.
The Application for Life Insurance
Benefit (Form 9) shall be executed by the designated beneficiary or
representative of the estate. The application shall be accompanied by the
(1) A copy of the member's or
retiree's certified death certificate;
If the benefit is payable to the estate,
the member failed to designate a beneficiary, or the designated beneficiary has
died, a copy of the court order:
Appointing the executor, administrator, or personal representative of the
(b) Dispensing with
formal administration of the estate and a completed Affidavit for Collection of
Life Insurance Benefit.
(3) If the benefit is payable to a minor
child, a copy of the child's birth certificate. If the child has a court
appointed guardian or conservator, a copy of the court order appointing the
guardian or conservator;
(4) If the
benefit is payable to an existing trust, a copy of the trust
(5) If the benefit is
payable to an individual and the individual has experienced a name change since
the beneficiary designation was made, a copy of the individual's signed Social
(6) If the member or
retiree marries after designating a beneficiary, a copy of the certified
marriage certificate; and
the member or retiree obtains a divorce after designating a beneficiary, a copy
of the divorce decree.
3. The life insurance benefit shall be paid after all required
information, documents and completed forms are received by TRS.
Incorporation by Reference.
The following material is incorporated by
(a) "Application for Life Insurance
Benefit" (Form 9), January 2019; and
(b) "Affidavit for Collection of Life
Insurance Benefit", January 2019.
(2) This material may be inspected, copied,
or obtained, subject to applicable copyright law, at Teachers' Retirement
System, 479 Versailles Road, Frankfort, Kentucky 40601, Monday through Friday,
8 a.m. to 5 p.m.