19-3-1212. Nonapplication of part to defined contribution plan
19-3-1212. Nonapplication of part to defined contribution plan. Except as otherwise provided in chapter 3, part 21, of this title, none of the provisions of this part apply under the defined contribution plan. History: En. Sec. 40, Ch. 471, L. 1999.
19-3-1203. Election of optional death annuity
19-3-1203. Election of optional death annuity. The designated beneficiary of a deceased member may elect, by filing a written application with the board, to have the death payment provided for in 19-3-1202 paid in an actuarially equivalent form, subject to rules that the board may adopt. The annuity payments are not subject to increases that may […]
19-3-1204. Survivorship benefit elected by beneficiary
19-3-1204. Survivorship benefit elected by beneficiary. (1) A designated beneficiary eligible to receive a death payment may instead elect a survivorship benefit by filing a written application with the board, if all of the following conditions are met: (a) the deceased member on behalf of whom the death benefit is payable had completed 5 years of membership […]
19-3-1205. Amount of survivorship benefit
19-3-1205. Amount of survivorship benefit. (1) For a member hired prior to July 1, 2011, the survivorship benefit payable to the member’s designated beneficiary is the actuarial equivalent of: (a) the accrued portion of the early retirement benefit pursuant to 19-3-906(1) that would have been payable to the member commencing at age 50 if the member had […]
19-3-1206. through 19-3-1209 reserved
19-3-1206 through 19-3-1209 reserved.
19-3-1210. Death payments to designated beneficiaries of retired members
19-3-1210. Death payments to designated beneficiaries of retired members. (1) When a retired member receiving an option 1 retirement benefit under 19-3-1501 dies, the member’s designated beneficiary or, if there is no surviving designated beneficiary, the member’s estate must be paid the amount, if any, of the member’s accumulated contributions calculated as of the day of […]
19-3-1211. Refund when former member dies after transferring to another system
19-3-1211. Refund when former member dies after transferring to another system. The accumulated contributions of a member who dies after becoming a member of any other system described in 19-3-403(4) and before receiving the member’s accumulated contributions must be paid to the designated beneficiary. History: En. Sec. 68-1602 by Sec. 6, Ch. 323, L. 1973; amd. Sec. […]
19-3-1201. Eligibility for death payments
19-3-1201. Eligibility for death payments. Upon receipt of a written application filed with the board by a designated beneficiary, the board shall grant a death payment to the designated beneficiary of any member who dies: (1) while in service; (2) while a recipient of a disability retirement benefit, if the benefit has been in effect less than 6 […]
19-3-1202. Amount of death payment
19-3-1202. Amount of death payment. (1) The amount of death payment to be made to the designated beneficiary of a deceased member is the sum of subsections (1)(a), (1)(b), and (1)(c) as follows: (a) the member’s accumulated contributions; (b) subject to subsection (2), an amount equal to one-twelfth of the compensation received by the member during the last […]