§ 33-38-7-15 — Annuities; payment to dependent children

(a) Benefits provided under this section are
subject to IC 33-38-6-13 and section 16 of this chapter.
(b) If a participant's spouse does not survive the participant, and a
child is not designated and entitled to receive an annuity under section
11 of this chapter, any surviving dependent child of a participant is,
upon the death of the participant, entitled to an annuity in an amount
equal to the annuity the participant's spouse would have received under
section 11 of this chapter.
(c) If a surviving spouse of a decedent participant dies and a
dependent child of the surviving spouse and the decedent participant
survives them, then that dependent child is entitled to receive an
annuity in an amount equal to the annuity the spouse was receiving or
would have received under section 11 of this chapter.
(d) If there is more than one (1) dependent child, the dependent
children are entitled to share the annuity equally.
(e) Each dependent child is entitled to receive that child's share until
the child becomes eighteen (18) years of age or during the entire period
of the child's physical or mental disability, whichever period is longer.
[Pre-2004 Recodification Citation: 33-13-9.1-8.]

Legislative History

As added by P.L.98-2004, SEC.17.