35 Ind. Admin. Code 2-2-1

Current through January 8, 2025

Section 35 IAC 2-2-1 - Refund of deceased active member's contributions

Authority: IC 5-10.5-4-2; IC 36-8-8-5

Affected: IC 36-8-8-8; IC 36-8-8-16

Sec. 1.

Deceased Active Member's Contributions. A deceased active member's contributions plus accumulated interest will be refunded to the estate of the deceased member, if the deceased member has no survivors eligible for benefits under the fund.

If the total amount of survivor benefits paid does not exceed the member's total contribution plus accumulated interest, the difference shall be paid to the member's estate.

35 IAC 2-2-1

Board of Trustees of the Indiana Public Retirement System; 35 IAC 2-2-1; filed May 9, 1979, 11:31 am: 2 IR 681; filed Aug 6, 1981, 2:30 pm: 4 IR 1805; readopted filed Oct 31, 2001, 2:21 p.m.: 25 IR 898; adopted Nov 9, 2007: 20071205-IR-035070818ONA