38-890. Pensions; commencement and duration
A. A normal retirement pension, an accidental disability pension, a total and
permanent disability pension or an ordinary disability pension commences on the first day
of the calendar month next following the member's date of retirement. A survivor pension
commences on the first day of the calendar month next following the month in which the
death causing payment of the pension occurs.
B. Termination of payment of a pension occurs at the end of the calendar month in
which the event causing the termination occurred. The payment shall be made for the full
month of termination.
C. A change in the amount of a pension occurs on the first day of the calendar
month next following the date of the event causing the change.
D. The plan shall make payments pursuant to section 401(a)(9) of the internal
revenue code and the regulations that are issued under that section. Notwithstanding any
other provision of the plan, beginning January 1, 1987 payment of benefits to a member
shall commence no later than April 1 of the calendar year following the later of:
1. The calendar year in which the member attains seventy and one-half years of age.
2. The date the member terminates employment.
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