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Session Laws, 1975
Volume 716, Page 3005   View pdf image
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MARVIN MANDEL, Governor

3005

benefit may change such election by due notice to the
board of trustees, but no change may be made after the
first payment of his allowance becomes normally due.

(1)   If the member dies before he has received
in payments the present value of his retirement allowance
as it was at the time of his retirement, the balance
shall be paid to his legal representatives or to such
person as he shall nominate by written designation duly
acknowledged and filed with the board of trustees; or

(2)   Upon his death, his reduced retirement
allowance shall be continued throughout the life of and
paid to such person as he shall nominate by written
designation duly acknowledged and filed with the board of
trustees at the time of his retirement; or

(3)  Upon his death, one half of his reduced
retirement allowance shall be continued throughout the
life of and paid to such person as he shall nominate by
written designation duly acknowledged and filed with the
board of trustees at the time of his retirement; or

(4)  Some other benefit or benefits shall be
paid either to the member or to such person or persons as
he shall nominate, provided such other benefit or
benefits, together with the reduced retirement allowance,
shall be certified by the actuary to be of equivalent
actuarial value of his retirement allowance, and shall be
approved by the board of trustees.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved May 15, 1975.

CHAPTER 654
(House Bill 170)

AN ACT concerning

State Police — Retirement Allowance

FOR the purpose of correcting an omission in Chapters 459
and 460 of the Acts of 1973 by providing a
supplement to the retirement allowance paid to
certain persons under the Old State Police Pension
Fund.

 

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Session Laws, 1975
Volume 716, Page 3005   View pdf image
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