61.703 Collection of benefit less than $1,000 by surviving relative.
238 words·~1 min read·
/ky/chapter-61/61-703A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Upon the death of a member, retiree, or recipient who has an existing account
or other benefit in a retirement system administered by the Kentucky
Retirement Systems that totals no more than one thousand dollars ($1,000),
the surviving spouse, or if none, a surviving child, or if none, a surviving parent,
or if none, a surviving brother or sister, may without formal administration of the
estate collect the account subject to the provisions of this section.
(2)The surviving spouse, child, parent, or brother or sister who makes demand for
the deceased member, retiree, or recipient account shall file with the retirement
office an affidavit stating that he or she is entitled to payment of the account.
The affidavit shall conform to the requirements of the administrative regulation
promulgated by the board.
(3)After having paid the account to the surviving spouse, child, parent, or brother
or sister, the retirement system shall be discharged and held harmless to the
same extent as if conducting business with a personal representative. The
retirement system shall not be required to inquire into the truth or veracity of
any statement made in the affidavit. In the event any person or entity
establishes a superior right to the account, the surviving spouse, child, parent,
or brother or sister, and not the retirement system or the Kentucky Public
Pensions Authority, shall be answerable and accountable to any appointed
personal representative for the estate.