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Bill would let state employees name special-needs trusts as retirement beneficiaries
Summary
Senator Robin Webb introduced Senate Bill 58 to allow state employees to designate a special-needs trust as a beneficiary of retirement benefits, aiming to preserve eligibility for federal benefits such as SSI and Medicaid; KPPA and committee members discussed technical details and actuarial neutrality.
Senator Robin Webb introduced Senate Bill 58, which would allow state employees to designate a special-needs trust as a beneficiary of their retirement benefits. Webb said the change would help state employees protect the eligibility of special-needs relatives for federal programs such as Supplemental Security Income (SSI) and Medicaid.
"Several state employees have brought this to my attention through the last few years," Webb told the…
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