3-12C-1211. Effective date of retirement benefit of generational member--Last payment.
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/sd/title-3/chapter-3-12/3-12c-1211·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless a generational member's required beginning date for retirement occurs first, the retirement benefit of a generational member is effective in accordance with whichever of the following is last:
(1)The first day of the month following the date on which the member's contributory service terminated;
(2)The first day of the month following an intervening complete calendar month after the date on which the member's written application for retirement benefits is received by the system; or
(3)The first day of the month specified in the member's application for retirement.
The last payment of the member's benefit is for the month in which the member's death occurs.