95.865 Death of member -- No widow's or children's annuities payable -- Benefit to

210 words·~1 min read·/ky/95-865

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

designated beneficiary.

(1)Upon death of a member, occurring while in active service, if no widow's annuity or

children's annuities are payable, the designated beneficiary of the member or his

estate shall be entitled to a death benefit equal to the total contributions made by the

member, including those employee contributions picked up by the employer

pursuant to KRS 65.155, without interest, or three hundred dollars ($300),

whichever is greater.

(2)Upon death of a retired member, if no widow's annuity or children's annuities shall

be due or 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 to this fund to the date of retirement, including those employee

contributions picked up by the employer pursuant to KRS 65.155, without interest,

over the total annuity payments received by the member. The minimum payment in

such case shall be three hundred dollars ($300). If a widow's annuity or children's

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, remarriage

or other cause.