§ 16-16-34 - Member leaving no survivors – Reversion.
SECTION 16-16-34
§ 16-16-34 Member leaving no survivors– Reversion. – (a) In the case of any member who dies while in service leaving no dependentsor survivors as defined in §§ 16-16-1, 16-16-11, and 16-16-25 through16-16-38, his or her accumulated contributions to the teachers' survivorsbenefit fund plus interest shall be payable to the person or persons that he orshe may designate to the retirement board or in the absence of a designation tohis or her estate.
(b) Contributions made by a member who at the date ofretirement did not exercise the election provided in § 16-16-32 and whodies without leaving survivors as defined in this chapter shall become part ofthe reserve of the fund.