Section 60.51. Cancellation of death benefit and beneficiary annuity applications.

 

(1)  Any lump sum death benefit or beneficiary annuity application canceled pursuant to this section shall have no force or effect, and any subsequent application shall be treated as a new application. Repayment in full of any sum paid under the application for which cancellation is sought shall be required. The employer may not make this payment on behalf of the recipient of the benefit.

(2)  A request to cancel an application for a lump sum death benefit payment under s. 40.73 (1) or (2) , Stats., must be in writing. The request to cancel shall be rejected unless received by the department by the close of regular office hours on the last working day preceding the date specified in s. ETF 10.633 (1) (c) .

(3)  A request to cancel an application for a beneficiary annuity under s. 40.73 (3) , Stats., must be in writing. The request to cancel the application shall be rejected unless received by the department by the close of regular office hours on the last working day preceding the date specified in s. ETF 10.633 (1) (a) .

Cr. Register, April, 1983, No. 328 , eff. 5-1-83; am. Register, January, 1996, No. 481 , eff. 2-1-96.