38.2307 Disposition of unclaimed retirement allowance or money payable on separation or death.
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38.2307 Disposition of unclaimed retirement allowance or money payable on separation or death.
Sec. 307.
Upon the separation from service by a member or upon the death of a retirant, a retirement allowance beneficiary, or a refund beneficiary, any unclaimed retirement allowance or other money otherwise payable on account of the separation or death remains a part of the reserve in which it is deposited until claimed by the separated member, retirement allowance beneficiary, refund beneficiary, or the estate or legal representative of a separated member, retirement allowance beneficiary, or refund beneficiary.
History: 1992, Act 234, Eff. Mar. 31, 1993