2014 Kentucky Revised Statutes CHAPTER 67A - URBAN-COUNTY GOVERNMENT 67A.490 Death of member -- Benefit to designated beneficiary when no surviving spouse's, children's, or dependent parent annuities payable.
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67A.490 Death of member -- Benefit to designated beneficiary when no
surviving spouse's, children's, or dependent parent annuities payable.
(1)
(2)
Upon death of a member, occurring while in active service, if no surviving
spouse's annuity, children's annuities, or dependent parent annuities are
payable, the designated beneficiary of the member or his or her estate shall be
entitled to a death benefit equal to the total contributions made by the member,
including the amount of any employee contributions picked up by the
urban-county government pursuant to KRS 67A.510(2), without interest, or one
thousand five hundred dollars ($1,500), whichever is greater.
Upon death of a retired member, if no surviving spouse's annuity, children's
annuities, or dependent parent annuities shall be due and payable, a death
benefit shall be paid to the designated beneficiary or estate of the member,
equal to the excess, if any, of the total contributions made by the member,
including those picked up pursuant to KRS 67A.510(2), to this fund to the date
of retirement, without interest, over the total annuity payments received by the
member. The minimum payment in such case shall be one thousand five
hundred dollars ($1,500). If a surviving spouse's annuity, children's annuities,
or dependent parent annuities are payable after the death of the retired
member, the amount of such death benefit, if any, shall be determined upon
termination of annuity payments to all survivors of the member, whether such
termination occurs by death or other cause.
Effective:April 4, 2006
History: Amended 2006 Ky. Acts ch. 144, sec. 8, effective April 4, 2006. -Amended 1982 Ky. Acts ch. 166, sec. 40, effective July 15, 1982. -- Amended
1980 Ky. Acts ch. 81, sec. 4, effective July 15, 1980. -- Created 1974 Ky. Acts
ch. 106, sec. 14, effective July 1, 1974.
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