§ 21-29-321. Determination of average monthly base salary and longevity pay
For purposes of determining the “average monthly base salary and longevity pay” as provided in Sections 21-29-101 et seq., the wages to be considered shall be the average base salary and longevity pay which was received in consecutive pay periods immediately preceding retirement. This amount shall be the average of six (6) pay periods if […]
§ 21-29-323. Determination of amount of death benefits to be paid to or for benefit of dependent children
Monthly benefits payable to a spouse in the event of the death of a member before retirement or a retiree after retirement shall be divided and paid to or for the benefit of any dependent children of the deceased member or retiree in an amount equal to ten percent (10%) of the annual benefit payable […]
§ 21-29-325. Payment of retirement benefits by the most appropriate means as determined by the board
The Public Employees’ Retirement System shall make payments of retirement benefits under this chapter to members and to the beneficiaries of those members, by whatever means the board prescribes by regulation to be the most appropriate for the proper and efficient payment of benefits, including, but not limited to, direct deposit to an account with […]
§ 21-29-327. Board of Trustees of Public Employees’ Retirement System authorized to assess interest and bring suit on delinquent payments from municipalities whose retirement funds it administers
Any municipality that has established a retirement fund or disability and relief fund under Articles 1, 3 and 5 of this chapter shall be assessed interest on delinquent payments as determined by the Board of Trustees of the Public Employees’ Retirement System in accordance with rules and regulations adopted by the board of trustees. Any […]
§ 21-29-329. Municipalities may adopt resolutions allowing spouses receiving retirement benefits to continue to receive spouse benefits for life, even after remarriage
Any municipality that has established a retirement fund or disability and relief fund under the provisions of Article 1, 3 or 5 of this chapter, shall be authorized to adopt a resolution to allow those spouses who are receiving retirement benefits under the provisions of those articles, to continue to receive the spouse retirement benefits […]
§ 21-29-331. Persons to whom benefits payable in event of death or disqualification of designated beneficiary
Except as otherwise provided in subsection (2) of this section, where benefits are payable to a designated beneficiary or beneficiaries under Article 1, 3 or 5 of this chapter and the designated beneficiary or beneficiaries as provided by the member on the most recent form filed with the system is deceased or otherwise disqualified at […]
§ 21-29-333. Waiver of benefits from the general municipal retirement system or firemen’s and policemen’s disability and relief fund
A retiree or beneficiary may, on a form prescribed by and filed with the Executive Director of the Public Employees’ Retirement System, irrevocably waive all or a portion of any benefits from the general municipal retirement system or a firemen’s and policemen’s disability and relief fund to which the retiree or beneficiary is entitled.The waiver […]
§ 21-29-315. Repayment of refund after reemployment following retirement for purpose of reestablishing contributing membership
Any active member who previously received a refund under either Article 1, 3 or 5 and who was reemployed and again became a contributing member of the applicable retirement system may repay all amounts previously received as a refund, together with regular interest at the rate as determined by the board, covering the period from […]
§ 21-29-316. Rollover distribution of accumulated contributions to eligible retirement plan or individual retirement account
Pursuant to the Unemployment Compensation Amendments of 1992 (Public Law 102-318 (UCA)), a member or the spouse of a member who is an eligible beneficiary entitled to a refund under Article 1, 3 or 5 of this chapter may elect on a form prescribed by the board under rules and regulations established by the board, […]
§ 21-29-317. Maximum annual retirement allowance
Notwithstanding any provisions of Articles 1, 3 and 5 of this chapter to the contrary, the maximum annual retirement allowance attributable to the employer contributions payable by the system to a member under Article 1, 3 or 5 of this chapter shall be subject to the limitations set forth in Section 415 of the Internal […]