Michigan HB4659 allows state employees to name a special needs trust as a beneficiary for retirement benefits.

Michigan HB4659 amends the state's retirement system to allow state employees to name a special needs trust as a beneficiary for their retirement benefits. This change ensures that retirement funds can be preserved for individuals with disabilities, providing financial security while complying with legal requirements. The bill specifies that the trust must be established under federal law, ensuring it meets necessary standards for protecting beneficiaries. This provision aims to support individuals with disabilities by maintaining their eligibility for essential benefits and services.

Michigan HB4659 allows state employees to name a special needs trust as a beneficiary for retirement benefits.

Michigan HB4659 amends the state's retirement system to allow state employees to name a special needs trust as a beneficiary for their retirement benefits. This change ensures that retirement funds can be preserved for individuals with disabilities, providing financial security while complying with legal requirements. The bill specifies that the trust must be established under federal law, ensuring it meets necessary standards for protecting beneficiaries. This provision aims to support individuals with disabilities by maintaining their eligibility for essential benefits and services.