19-8-1001. Benefits upon employment-related death
19-8-1001. Benefits upon employment-related death. If the board finds that a member died as a direct and proximate result of injury received in the course of the member’s service, a monthly survivorship benefit must be paid to the member’s designated beneficiary equal to 50% of the highest average compensation of the member. If the deceased member […]
19-8-1002. Postretirement death payments
19-8-1002. Postretirement death payments. (1) When a retired member receiving an option 1 retirement benefit under 19-8-801 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 the member’s retirement minus the […]
19-8-1003. Nonduty-related death of active member
19-8-1003. Nonduty-related death of active member. If a vested member dies before reaching normal retirement age, the member’s designated beneficiary may choose either a lump-sum refund of the member’s accumulated contributions or the actuarial equivalent of the service retirement benefit provided for in 19-8-603. History: En. Sec. 174, Ch. 265, L. 1993; amd. Sec. 35, Ch. 99, […]