Section 508-A. Death benefit for vested members who die prior to retirement  


Latest version.
  • a.     A     death      benefit      plus      the
      reserve-for-increased-take-home-pay,  if  any, shall be payable upon the
      death of a member of a retirement system who:
        1. Died before the effective date of retirement while a member of such
      retirement system;
        2. Had at least ten years of credited service at the  time  of  death;
      and
        3.  Died  at  a  time  and  in  a  manner  which did not result in the
      eligibility of the member's estate or any  beneficiary  to  receive  any
      death benefits from such retirement system on account of such death.
        b.  Benefits  provided  under  this  section  shall  be payable to the
      member's estate or the beneficiary or  beneficiaries  nominated  by  the
      member   on   a   designation   of   beneficiary  form  filed  with  the
      administrative head of such retirement system.
        c. The amount of the benefit payable pursuant to this section shall be
      equal to one-half of the amount of  the  ordinary  death  benefit  which
      would  have been payable had the member's death occurred on the last day
      of service upon which membership was based.
        * NB Expires June 30, 2011