§ 33-38-7-14 — Payments to participant's surviving spouse, dependents, or estate

Indiana § 33-38-7-14

• Jurisdiction: Indiana
• Art. 38: JUDGES
• Ch. 7: 1977 Retirement, Disability, and Death System

Text

(a) Benefits provided under this section are
subject to IC 33-38-6-13 and section 16 of this chapter.
(b) If annuities are not payable to the survivors of a participant who
dies after July 1, 1983, the surviving spouse or child or children of the
participant, if any, as determined by the participant, and if none
survive, then any dependent or dependents surviving shall draw from
the fund the amount that the participant paid into the fund plus interest
at a rate specified by rule by the board. If no spouse, child or children,
or other dependents survive, then the amount, plus interest at a rate
specified by rule by the board and minus any payments made to the
participant, shall be paid to the executor or administrator of the
participant's estate.
(c) The amount owed a spouse, child or children, or other
dependent, or estate under this section is payable within sixty (60) days
after date of the withdrawal application or in the monthly installments
as the recipient may elect.
[Pre-2004 Recodification Citation: 33-13-9.1-7.]

Legislative History

As added by P.L.98-2004, SEC.17. Amended by P.L.16-2011, SEC.3.