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Session Laws, 1949
Volume 590, Page 847   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 847

of the retirement system until his salary is at least equal
to such average final compensation. For the purposes of this
paragraph, "retirement allowance" shall mean the allowance
payable without optional modification as hereinafter pro-
vided in Sub-section (11) of this section.

(c) Should a disability beneficiary under the age of 55
be restored to active service and should his annual compen-
sation then or at any time prior to the age of 55 be equal
to or greater than his average final compensation at retire-
ment, his retirement allowance shall cease, he shall again
become a member of the Retirement System, and he shall
contribute thereafter at the same rate he paid prior to dis-
ability. Anything in this sub-title to the contrary notwith-
standing, any prior service certificate on the basis of which his
service was computed at the time of his retirement shall be re-
stored to full force and effect, and in addition, upon his subse-
quent retirement he shall be credited with all the service as a
member creditable to him at the time of retirement; but should
he be restored to membership after the attainment of age 50,
his pension upon subsequent retirement shall not exceed the
pension which he was receiving immediately prior to his last
restoration to membership before any reduction of such pen-
sion as provided in subsection (b) of this section and the
pension that may have accrued to him as a new member on
account of service since his last restoration to membership,
provided that the total pension on his subsequent retirement
shall not exceed the rate per centum he would have received
had he remained in service during the period of his prior
retirement.

ORDINARY DEATH BENEFIT

(8) Upon the receipt of proper proofs of the death of a
member in service there shall be paid to such person having
an insurable interest in the life of the deceased, as he shall
have nominated by written designation duly executed and
filed with the Board of Trustees, otherwise to his estate:

(a) His accumulated contributions; and

(b) If the member has one or more years of creditable
service, an amount equal to fifty per centum of his average
final compensation.

No ordinary death benefit shall be paid for the death of
any member whenever a special death benefit shall be paid
for the same.

 

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Session Laws, 1949
Volume 590, Page 847   View pdf image (33K)
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