Indiana Code 33-38-8-19. Death of participant; payments when no benefits payable to survivors
(b) If benefits are not payable to the survivors of a participant who dies, and if a withdrawal application is filed with the board, the total of the participant’s contributions, plus interest at a rate specified by rule by the board and minus any payments made to the participant, shall be paid to:
Terms Used In Indiana Code 33-38-8-19
- board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 33-38-8-3
- Dependent: A person dependent for support upon another.
- participant: means a judge who participates in the fund. See Indiana Code 33-38-8-7
(2) any other dependent or dependents of the participant, if a spouse or designated child or children does or do not survive; or
(3) the participant’s estate, if a spouse, designated child or children, or other dependent does or do not survive.
(c) The amount owed a spouse, designated child or children, or other dependent or dependents, or estate under subsection (b) is payable within sixty (60) days from the date of receipt of the withdrawal application or in the monthly installments as the recipient elects.
[Pre-2004 Recodification Citation: 33-13-10.1-12.]
As added by P.L.98-2004, SEC.17. Amended by P.L.16-2011, SEC.6.