3-12C-701. Benefits only payable monthly--Lump-sum payments prohibited unless specified.
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/sd/title-3/chapter-3-12/3-12c-701A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A member in the system may claim the benefits provided for in this chapter only in the form of a monthly benefit payment and only after such time as these benefits are payable. Unless otherwise specifically provided, no member or a former member of the system may receive a lump-sum cash payment in lieu of the normal retirement benefit.