§ 36-8-10-14 — Death benefit program

(a) The department may establish and
operate a death benefit program for the payment of death benefits to
deceased employee beneficiaries. The department may provide these
benefits by the creation of a reserve account, by obtaining group life
insurance, or both. However, the department may not establish or
modify a death benefit program after June 30, 1989, without the
approval of the county fiscal body which shall not reduce or diminish
any death benefits set forth in any death benefit program that was in
effect on January 1, 1989.
(b) Benefits payable under a group life insurance policy established
under subsection (a) must be in reasonable amounts. Benefits payable
from a reserve account established under subsection (a) may not exceed
twenty-five thousand dollars ($25,000).
[Pre-Local Government Recodification Citation:
17-3-14-12.]
As added by Acts 1981, P.L.309, SEC.61. Amended by Acts
1981, P.L.48, SEC.3; P.L.313-1989, SEC.5; P.L.168-1990,
SEC.2.