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Session Laws, 1982
Volume 742, Page 5237   View pdf image
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HARRY HUGHES, Governor

5237

she requests the return of the accumulated contributions
within 2 years of such termination. The vested retirement
allowance shall be a deferred allowance commencing at age
sixty and shall be computed as a service retirement
allowance as provided under paragraph (a) of § 11(3) of this
article on the basis of the member's creditable service and
average final compensation at the time his service is
terminated.

Should the [member] PERSON who has elected a vested
retirement allowance request the return of his OR HER
contributions [or die] prior to [the date when the first
payment of his retirement allowance becomes normally due]
THE PERSON'S EFFECTIVE RETIREMENT DATE, the amount of [his]
THAT PERSON'S accumulated contributions shall be returned
and no further benefit shall be due or become payable on
account of [his] THE PERSON'S previous membership.

UPON RECEIPT OF PROPER PROOFS OF THE DEATH OF THE
PERSON WHO HAS ELECTED A VESTED RETIREMENT ALLOWANCE AND
DIES PRIOR TO HIS OR HER EFFECTIVE RETIREMENT DATE, THE
AMOUNT OF THAT PERSON'S ACCUMULATED CONTRIBUTIONS SHALL BE
PAID TO THE BENEFICIARY THE PERSON HAS NOMINATED BY WRITTEN
DESIGNATION DULY EXECUTED AND FILED WITH THE BOARD OF
TRUSTEES, OR IF THERE BE NO DESIGNATED BENEFICIARY, THEN TO
THE PERSON'S ESTATE.

86.

(10) Any member whose service is terminated other than
by death or retirement after he or she has rendered 5 or
more years of creditable service may elect to receive a
vested retirement allowance. Such a member shall be deemed
to have elected a vested retirement allowance, unless he or
she requests the return of the accumulated contributions
within 5 years of such termination. The vested retirement
allowance shall be deferred allowance commencing at age 60
and shall be computed as a service retirement allowance as
provided under subsection (2)(a) of this section on the
basis of the member's creditable service and average final
compensation at the time his service is terminated.

Should the [member] PERSON who has elected a vested
retirement allowance request the return of his OR HER
contributions [or die] prior to [the date when the first
payment of his retirement allowance becomes normally due]
THE PERSON'S EFFECTIVE RETIREMENT DATE, the amount of [his]
THAT PERSON'S accumulated contributions shall be returned
and no further benefit shall be due or become payable on
account of [his] THE PERSON'S previous membership.

UPON RECEIPT OF PROPER PROOFS OF THE DEATH OF THE
PERSON WHO HAS ELECTED A VESTED RETIREMENT ALLOWANCE AND
DIES PRIOR TO HIS OR HER EFFECTIVE RETIREMENT DATE, THE

 

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Session Laws, 1982
Volume 742, Page 5237   View pdf image
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