Wyoming § 9-3-615 Election of coverage under Wyoming Retirement
Act

Wyoming Statutes

§ 9-3-615 — Election of coverage under Wyoming Retirement Act

Wyoming § 9-3-615

Title 09Administration of the Government

Ch. 3COMPENSATION AND BENEFITS

Art. 6STATE HIGHWAY PATROL, GAME

This text of Wyoming § 9-3-615 (Election of coverage under Wyoming Retirement Act) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 9-3-615 (2026).

Text

(a)Subject to uniform rules and regulations the retirement board prescribes, instead of the service allowance provided in this article and instead of the benefit specified in W.S. 9-3-614(c), a member of the retirement program may elect one (1) of the following forms of service retirement benefits which shall be the actuarial equivalent of the benefit to which he would otherwise be entitled:

(i)A one hundred percent (100%) joint and survivor benefit which provides reduced monthly service retirement benefit payments during the retired member's life and upon his death after retirement continues payments in the same reduced amount to a designated beneficiary during the life of the beneficiary;

(ii)A benefit which provides reduced monthly service retirement payments with provision for the c

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(a) Subject to uniform rules and regulations the
retirement board prescribes, instead of the service allowance
provided in this article and instead of the benefit specified in
W.S. 9-3-614(c), a member of the retirement program may elect
one (1) of the following forms of service retirement benefits
which shall be the actuarial equivalent of the benefit to which
he would otherwise be entitled:
(i) A one hundred percent (100%) joint and survivor
benefit which provides reduced monthly service retirement
benefit payments during the retired member's life and upon his
death after retirement continues payments in the same reduced
amount to a designated beneficiary during the life of the
beneficiary;
(ii) A benefit which provides reduced monthly service
retirement payments with provision for the continuance of
payments for ten (10) years certain and life thereafter. If the
retired member dies within ten (10) years after retirement, the
remaining guaranteed payments shall be made to his designated
beneficiary. This beneficiary may be changed at any time by
written notification to the board as provided in subsection (b)
of this section;
(iii) The largest possible benefit for life with no
lump sum refund or benefit for anyone else upon the retired
member's death;
(iv) Any other modified monthly service retirement
benefit, including any other modified joint and survivor monthly
service retirement benefit, actuarially determined, which the
board approves.
(b) An election of an optional benefit shall be in writing
and filed with the system prior to the first benefit payment.
The election is final and not subject to change unless a
designated beneficiary dies prior to the first benefit payment,
in which case the election is void, the member may designate a
new beneficiary and may select a different option. As provided
in paragraph (a)(iii) of this section, upon written notice to
the board, a member may change a beneficiary at any time during
the ten (10) year period.
(c) The retirement benefits payable under optional forms
available under this section shall be the actuarial equivalent
amount of the normal benefit form under W.S.9-3-610.