Outstanding Wages Beneficiary Designation

OSU employees have the option of designating a beneficiary to receive their final paycheck in the event of death while employed with OSU.  If you wish to name a beneficiary, you must complete an Outstanding Wages Beneficiary Designation Form, and submit to Human Resources, 106J Whitehurst.  The form is part of the New Employee Payroll Sign-Up Packet, http://hr.okstate.edu/hr/new-hire-info.
 
If you choose not to name a beneficiary, the OSU Payroll Office will issue the final paycheck, including any pay for unused annual leave, in accordance with Title 40, O.S., Section 165.3a, Payment of Wages to Surviving Spouse and Children. If your final check is processed without the naming of a beneficiary, your surviving spouse, or if there is no surviving spouse, your dependent children, or their guardians or the conservators of their estates, will receive in equal shares a total up to the maximum $3,000 allowed by law. Any remaining payment would go into the estate and go through probate. Access to the funds processed to an estate may be delayed due to the probate process.
 
Should you desire to change your beneficiary at some point in the future, please complete and submit another Outstanding Wages Beneficiary Designation Form to Human Resources.