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95.865 Death of member -- No widow's or children's annuities payable -- Benefit to designated beneficiary.

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95.865 Death of member -- No widow's or children's annuities payable -- Benefit to designated beneficiary. (1) Upon death of a member, occurring while in active service, if no widow's annuity or children's annuities are payable, the designated beneficiary of the member or his <br>estate shall be entitled to a death benefit equal to the total contributions made by the <br>member, including those employee contributions picked up by the employer <br>pursuant to KRS 65.155, without interest, or three hundred dollars (&#36;300), <br>whichever is greater. (2) Upon death of a retired member, if no widow's annuity or children's annuities shall be due or payable, a death benefit shall be paid to the designated beneficiary or <br>estate of the member, equal to the excess, if any, of the total contributions made by <br>the member to this fund to the date of retirement, including those employee <br>contributions picked up by the employer pursuant to KRS 65.155, without interest, <br>over the total annuity payments received by the member. The minimum payment in <br>such case shall be three hundred dollars (&#36;300). If a widow's annuity or children's <br>annuities are payable after the death of the retired member, the amount of such <br>death benefit, if any, shall be determined upon termination of annuity payments to <br>all survivors of the member, whether such termination occurs by death, remarriage <br>or other cause. Effective: July 15, 1982 <br>History: Amended 1982 Ky. Acts ch. 166, sec. 51, effective July 15, 1982. -- Created 1956 Ky. Acts ch. 16, sec. 15, effective July 1, 1956.