2005 Vermont Code - § 5061. — Death benefit; post retirement
§ 5061. Death benefit; post retirement
The beneficiary of a member who dies after retirement shall receive at the member's death, a lump sum equal in amount to the difference between his accumulated contributions at the time of his retirement and the sum of the annuity payments actually made to him during his lifetime. However, if the member elected an option prior to the commencement of the benefit, the provisions thereof shall apply. (Added 1973, No. 251 (Adj. Sess.), § 3.)
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