19-20-1212. Recovery methods.
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/mt/title-19/chapter-20/part-12/19-20-1212·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
19-20-1212 . Recovery methods.
(1)The retirement system may use any or all of the following methods to recover amounts owed from a member or benefit recipient:
(a)accept a lump-sum payment;
(b)accept installment payments;
(c)accept a rollover payment from a member;
(d)actuarially adjust monthly benefit payments;
(e)withhold up to 50% of each monthly benefit payment;
(f)withhold up to 100% of a lump-sum distribution; or
(g)withhold up to 100% of the lump-sum death benefit payable under 19-20-1001 (1)(b) or 19-20-1002 (1)(a).
(2)For payment of amounts owed by an employer, the retirement system may use any or all of the following methods:
(a)adjust the amount of subsequent contributions due from the employer;
(b)accept installment payments; or
(c)accept a lump-sum payment.