35 Ind. Admin. Code 1.2-5-14

Current through January 8, 2025

Section 35 IAC 1.2-5-14 - Five year guaranteed benefits

Authority: IC 5-10.5-4-2

Affected: IC 5-10.2; IC 5-10.3

Sec. 14.

If member elects five (5) year guaranteed benefits and does not live to exhaust them and his beneficiary does not live out the remainder of the five (5) years, then such remaining benefits accrue to the estate of the beneficiary and not to the estate of the member.

35 IAC 1.2-5-14

Board of Trustees of the Indiana Public Retirement System; 35 IAC 1.2-5-14; filed Dec 20, 1988, 1:00 p.m.: 12 IR 1084; readopted filed Oct 31, 2001, 2:18 p.m.: 25 IR 897; adopted Nov 9, 2007: 20071205-IR-035070818ONA