72-1792. Same; refunds, when; accepting service in another city operating under this act; voluntary retirement; payment to heirs, when.
72-1792
72-1792. Same; refunds, when; accepting service in another cityoperating under this act; voluntary retirement; payment to heirs, when.If at any time a teacher or other public school employee who is willingto continue, is not re-employed or is discharged before the time when he orshe would, under the provisions of this act, be entitled to a pension, thensuch teacher or other public school employee shall be paid back at once themoney, without interest, he or she may have contributed under this act.Should a teacher or other public school employee duly accredited in a cityof the first class, accept service in the public schools of another city ofthe first class, operating under this law, a sum equivalent to allpayments, without interest, made by such teacher or other public schoolemployee into the retirement fund shall be transferred to the retirementfund of the city in which such service is accepted. Any teacher or otherpublic school employee who shall retire voluntarily from the service shallreceive a refund of one-half of the money, without interest, he or sheshall have contributed under this act.
And should any teacher or other public school employee die beforereceiving any of the benefits or pensions by this act provided, the boardof education shall pay to such teacher's or other public school employee'sheirs or estate the entire sum, without interest, which such teacher orother public school employee shall have paid into such pension fund; andfurther, if such teacher or other public school employee is retired as anannuitant at the time of his or her death, then if such an annuitant shallhave died before he or she has received one year's annuity, the heirs orestate of such annuitant shall receive an amount from said fund equal tothe difference between the amount such deceased teacher or other publicschool employee has received and the amount he or she would have receivedunder this act had he or she lived for one year after retirement under thisact.
History: L. 1941, ch. 340, § 5; June 30.