49-13-403. Allowance payable by lump-sum payment. (1) If a retiree’s allowance, as computed under Section 49-13-402, amounts to $25 or less, the allowance may be settled by the office by making a lump-sum payment of an amount actuarially equivalent to the allowance. (2) A payment made under this section constitutes a full and complete settlement […]
Effective 5/10/2016 49-13-405. Death of married members — Service retirement benefits to surviving spouse. (1) As used in this section, “member’s full allowance” means an Option Three allowance calculated under Section 49-13-402 without an actuarial reduction. (2) Upon the request of a deceased member’s surviving spouse, the deceased member is considered to have retired under […]
49-13-408. Purchase of service credit — Conditions — Cost — Nondiscrimination policy. (1) (a) A member may purchase or a member and a participating employer may jointly purchase a maximum of five years of service credit which cannot otherwise be purchased under this title. (b) At a minimum, the years of service credit purchased shall […]
