49-17-501 - Death benefit for members before retirement -- Computation.
49-17-501. Death benefit for members before retirement -- Computation.
(1) Upon the receipt of acceptable proof of death of a member before the member'sretirement date, the member's spouse at the time of death shall have the choice of the followingdeath benefits:
(a) a refund of the member's member contributions, including refund interest, plus 65% ofthe member's most recent 12 months' compensation prior to death; or
(b) an allowance equal to 65% of the allowance computed in accordance with Section49-17-402, but disregarding early retirement reductions.
(2) If there is no spouse to whom the member is married at the time of death, membercontributions, including refund interest, shall be refunded to a beneficiary, in accordance withSections 49-11-609 and 49-11-610.
Renumbered and Amended by Chapter 250, 2002 General Session