§ 5069. Insurance
§ 5069. Insurance (a) The Board may enter into insurance arrangements to provide health and medical benefits for retired members and their dependents. The Board may enter into insurance arrangements to provide dental coverage for retired members and their dependents, provided the municipalities or the System has no legal obligation to pay any portion of […]
§ 5055. Normal and early retirement
§ 5055. Normal and early retirement (a) Normal retirement. Any member who has reached his or her normal retirement date may retire on a normal retirement allowance on the first day of any month after separation from service by filing an application in the manner outlined in subdivision (1) of this subsection. Any member in […]
§ 5056. Disability retirement
§ 5056. Disability retirement (a) Upon application of a member not more than 90 days before, or later than 90 days, or longer for cause shown, the date a member separates from service, any member who has not reached his or her normal retirement date and has had five or more years of creditable service, […]
§ 5056a. Benefit denial; evidentiary hearing
§ 5056a. Benefit denial; evidentiary hearing (a) An applicant for disability retirement benefits under section 5056 of this title may file a request for an evidentiary hearing with the Retirement Board if the application for benefits is denied. (b) The hearing shall be an appeal de novo and shall be conducted by a hearing officer […]
§ 5057. Reexamination of disability beneficiary
§ 5057. Reexamination of disability beneficiary (a) Once each year, the Retirement Board or the Medical Board may require any disability beneficiary who has not reached his or her normal retirement date to undergo a medical examination, by a physician or physicians designated by the Medical Board, the examination to be made at the place […]
§ 5058. Reinstatement
§ 5058. Reinstatement Should a disability beneficiary be restored to service and should his or her annual earnable compensation then or at any time thereafter be equal to or greater than his or her average final compensation at retirement, or should any other beneficiary be restored to service, his or her retirement allowance shall cease […]
§ 5059. Termination of service; preretirement death benefit
§ 5059. Termination of service; preretirement death benefit (a) Upon the withdrawal of a member from service prior to retirement for reasons other than death, the amount of the member’s accumulated contributions with interest will be returnable to the member. In lieu of a return of contributions, any member who has completed five years of […]
§ 5060. Optional benefits
§ 5060. Optional benefits (a) Until the first payment on account of a retirement allowance becomes normally due, any member may elect to convert the retirement allowance otherwise payable to the member after retirement into a retirement allowance that is its actuarial equivalent, in accordance with one of the optional forms described below. Option 1. […]
§ 5061. Death benefit; post retirement
§ 5061. Death benefit; post retirement The beneficiary of a member who dies after retirement shall receive at the member’s death, a lump sum equal in amount to the difference between the member’s accumulated contributions at the time of retirement and the sum of the annuity payments actually made to the member during his or […]
§ 5061a. Accidental and occupationally-related death benefit
§ 5061a. Accidental and occupationally-related death benefit If the Retirement Board shall find on the basis of such evidence as may come before it that a Group D member in service died prior to retirement under the System as the natural and proximate result of an accident occurring at a definite time and place during […]