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161.522 Survivor of member retired for disability may elect annuity.

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Page 1 of 1 161.522 Survivor of member retired for disability may elect annuity. Upon the death of a member retired for disability who had a minimum of twenty-seven <br>(27) years of service at the time of death, except as provided in KRS 161.661(6), the <br>spouse, if named as the primary beneficiary of the member's account, shall be entitled to <br>elect, in lieu of a refund of the member's account, an annuity actuarially equivalent to the <br>annuity that would have been paid to the deceased member had retirement for service <br>been effective on the day immediately preceding the member's death. This option shall be <br>available only during the entitlement period described under KRS 161.661(3) and (4) <br>prior to the recalculation of the member's disability allowance under KRS 161.661(5). In <br>selecting this right, the spouse shall be limited to selecting an option providing a straight <br>life annuity with refundable balance or a term certain option. There shall be a monthly <br>minimum allowance of three hundred dollars (&#36;300) as the basic straight life annuity. <br>This section applies to surviving spouses of members who were receiving benefit <br>payments under KRS 161.520 as of June 30, 1988, and to surviving spouses of members <br>who die on or after July 1, 1984, except that the member shall have been retired for <br>disability with a minimum of thirty (30) years of service if either of these two (2) <br>conditions were met prior to July 1, 1990. Effective: July 1, 2008 <br>History: Amended 2008 Ky. Acts ch. 78, sec. 8, effective July 1, 2008. -- Amended 2002 Ky. Acts ch. 275, sec. 15, effective July 1, 2002. -- Amended 1996 Ky. Acts <br>ch. 359, sec. 6, effective July 1, 1996. -- Amended 1994 Ky. Acts ch. 369, sec. 9, <br>effective July 1, 1994. -- Amended 1990 Ky. Acts ch. 442, sec. 8, effective July 13, <br>1990; and ch. 476, Pt. V, sec. 511, effective July 13, 1990. -- Created 1984 Ky. Acts <br>ch. 253, sec. 14, effective July 1, 1984.