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Ch. 301
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2002 LAWS OF MARYLAND
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2. AN AMOUNT EQUAL TO THE MEMBER'S ANNUAL SALARY
AT THE TIME OF DEATH.
(II) IF A MEMBER HAS DESIGNATED MORE THAN ONE
BENEFICIARY, THE LUMP-SUM DEATH BENEFIT PROVIDED IN ITEM (I) OF THIS
PARAGRAPH SHALL BE DIVIDED EQUALLY AMONG THE BENEFICIARIES.
(b) On the death of a former member or retiree, the Board of Trustees shall
pay to the surviving spouse, when the surviving spouse is at least 50 years old, 50% of
the retirement allowance that would be payable were the former member or retiree
alive and eligible to receive a retirement allowance.
(c) (1) This subsection applies to a member, former member, or retiree who
at the time of death:
(i) does not have a spouse; and
(ii) has a child under the age of 18 years.
(2) Until each child reaches the age of 18 years, the Board of Trustees
shall pay to the surviving children of the member, former member, or retiree who are
under the age of 18 years the retirement allowance that would have been paid to a
surviving spouse under subsection (a) or (b) of this section.
(3) If the Board of Trustees pays an allowance to more than one child, the
Board of Trustees shall divide the allowance equally among the children who are
under the age of 18 years.
27-405.
(a) If a member's service is terminated by death and the member leaves no
[spouse or] SPOUSE, child under the age of 18 years, OR DESIGNATED BENEFICIARY
OR BENEFICIARIES, the member's accumulated contributions shall be paid to the
member's estate.
(b) (1) At the time of termination of service, or within 6 months thereafter,
but before receiving payment of a retirement allowance, a former member may elect
to withdraw in a single payment the former member's accumulated contributions
from the dates of payment.
(2) If the former member elects to withdraw the accumulated
contributions, the former member has no further rights under the Judges' Retirement
System.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2002.
Approved May 6, 2002.
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- 2692 -
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