Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 35. BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM |
Article 35IAC1.2. PUBLIC EMPLOYEES' RETIREMENT FUND |
Rule 35IAC1.2-5. Retirement and Disability Benefits |
Section 35IAC1.2-5-14. Five year guaranteed benefits
Latest version.
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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. (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)