§ 24-6-407 - Benefits -- Death of retirant. - Arkansas Statutes

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-6 > Subchapter-4 > 24-6-407

24-6-407. Benefits -- Death of retirant.

(a) In the event a retirant who is in receipt of a straight life pension dies before he has received in straight life pension payments an aggregate amount equal to his accumulated contributions standing to his credit in the members' deposit account at the time of his retirement, then the difference between his accumulated contributions and the aggregate amount of straight life pension payments received by him shall be paid to such persons as he shall have nominated by written designation duly executed and filed with the Board of Trustees of the State Police Retirement System.

(b) If there is no designated person surviving the retirant, the difference, if any, shall be paid in accordance with the laws of descent and distribution of the State of Arkansas.

(c) The payments may be made directly to a curator, guardian, administrator, or executor authorized to receive such payments, wherever the representative may be, with or without the appointment of a representative in this state.

(d) In no case shall any benefits be paid under this section on account of the death of a retirant if any pensions become payable from funds of the State Police Retirement System on account of his death.

State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-6 > Subchapter-4 > 24-6-407

24-6-407. Benefits -- Death of retirant.

(a) In the event a retirant who is in receipt of a straight life pension dies before he has received in straight life pension payments an aggregate amount equal to his accumulated contributions standing to his credit in the members' deposit account at the time of his retirement, then the difference between his accumulated contributions and the aggregate amount of straight life pension payments received by him shall be paid to such persons as he shall have nominated by written designation duly executed and filed with the Board of Trustees of the State Police Retirement System.

(b) If there is no designated person surviving the retirant, the difference, if any, shall be paid in accordance with the laws of descent and distribution of the State of Arkansas.

(c) The payments may be made directly to a curator, guardian, administrator, or executor authorized to receive such payments, wherever the representative may be, with or without the appointment of a representative in this state.

(d) In no case shall any benefits be paid under this section on account of the death of a retirant if any pensions become payable from funds of the State Police Retirement System on account of his death.

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State Codes and Statutes

Statutes > Arkansas > Title-24 > Chapter-6 > Subchapter-4 > 24-6-407

24-6-407. Benefits -- Death of retirant.

(a) In the event a retirant who is in receipt of a straight life pension dies before he has received in straight life pension payments an aggregate amount equal to his accumulated contributions standing to his credit in the members' deposit account at the time of his retirement, then the difference between his accumulated contributions and the aggregate amount of straight life pension payments received by him shall be paid to such persons as he shall have nominated by written designation duly executed and filed with the Board of Trustees of the State Police Retirement System.

(b) If there is no designated person surviving the retirant, the difference, if any, shall be paid in accordance with the laws of descent and distribution of the State of Arkansas.

(c) The payments may be made directly to a curator, guardian, administrator, or executor authorized to receive such payments, wherever the representative may be, with or without the appointment of a representative in this state.

(d) In no case shall any benefits be paid under this section on account of the death of a retirant if any pensions become payable from funds of the State Police Retirement System on account of his death.