Kansas Statutes 74-49,315. Determination of beneficiary; lump-sum death benefit for retirants
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 74-49,315
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- member: means any member of the Kansas police and firemen's retirement system who is eligible to participate in the DROP and who elects to participate in the DROP as provided in this act;
(7) "monthly DROP accrual" means the amount equal to the monthly retirement benefit that would have been payable to the member had the member terminated service and retired on the day the member elected; and
(8) "system" means the Kansas police and firemen's retirement system. See Kansas Statutes 74-4986l
A member‘s beneficiary shall be determined as provided in the pre-2015 plan. Upon filing a written application with the board after the death of a member receiving a benefit under subsections (a) or (b) of Kan. Stat. Ann. § 74-49,313, and amendments thereto, the member’s beneficiary is entitled to a $4,000 death benefit as provided in Kan. Stat. Ann. § 74-4989, and amendments thereto.