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Committee advances ordinance to let survivor annuities be paid into special‑needs trusts
Summary
The committee voted to forward an ordinance that would allow retirement system members to designate special‑needs trusts as beneficiaries for survivor annuities, aiming to protect recipients' eligibility for needs‑based benefits; staff said implementation would place compliance responsibilities on members and trustees.
The Rules Committee on Nov. 28 advanced to the full Board an ordinance to amend the administrative code so members of the city's retirement system may designate special‑needs trusts as retirement beneficiaries in certain circumstances.
Sponsor Supervisor Safaie told the committee the change would allow survivor annuities to be paid into a special‑needs or supplemental needs trust to avoid causing recipients to lose…
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