§ 45-21.2-20 - Persons eligible for optional benefits – Time of election – Modification or revocation – Effective date. - Rhode-island Statutes

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Statutes > Rhode-island > Title-45 > Chapter-45-21-2 > 45-21-2-20

SECTION 45-21.2-20

§ 45-21.2-20 Persons eligible for optionalbenefits – Time of election – Modification or revocation –Effective date. – (a) The optional provisions of § 45-21.2-6(c) are applicable only to amember applying for a service retirement allowance, an accidental disabilityretirement allowance, an ordinary disability retirement allowance or anyinactive member applying for retirement under vested rights. The election underoption 1 or 2 is made at the time of retirement of the member as part of his orher application for a retirement allowance.

(b) The election is based upon the amount of retirementallowances that may accrue at the date of death of the member, and may berevoked or modified by the member at any time after retirement on a formprescribed by the retirement board; and, provided, further, that, during thistime, the named beneficiary has not been divorced from the member.

(c) The option in the case of death of a retired memberbecomes effective on the day following the death of the member, and payment ofbenefits are made in accordance with the provisions of this section, subject tothe limitations prescribed in § 45-21.2-6.

State Codes and Statutes

Statutes > Rhode-island > Title-45 > Chapter-45-21-2 > 45-21-2-20

SECTION 45-21.2-20

§ 45-21.2-20 Persons eligible for optionalbenefits – Time of election – Modification or revocation –Effective date. – (a) The optional provisions of § 45-21.2-6(c) are applicable only to amember applying for a service retirement allowance, an accidental disabilityretirement allowance, an ordinary disability retirement allowance or anyinactive member applying for retirement under vested rights. The election underoption 1 or 2 is made at the time of retirement of the member as part of his orher application for a retirement allowance.

(b) The election is based upon the amount of retirementallowances that may accrue at the date of death of the member, and may berevoked or modified by the member at any time after retirement on a formprescribed by the retirement board; and, provided, further, that, during thistime, the named beneficiary has not been divorced from the member.

(c) The option in the case of death of a retired memberbecomes effective on the day following the death of the member, and payment ofbenefits are made in accordance with the provisions of this section, subject tothe limitations prescribed in § 45-21.2-6.

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State Codes and Statutes

Statutes > Rhode-island > Title-45 > Chapter-45-21-2 > 45-21-2-20

SECTION 45-21.2-20

§ 45-21.2-20 Persons eligible for optionalbenefits – Time of election – Modification or revocation –Effective date. – (a) The optional provisions of § 45-21.2-6(c) are applicable only to amember applying for a service retirement allowance, an accidental disabilityretirement allowance, an ordinary disability retirement allowance or anyinactive member applying for retirement under vested rights. The election underoption 1 or 2 is made at the time of retirement of the member as part of his orher application for a retirement allowance.

(b) The election is based upon the amount of retirementallowances that may accrue at the date of death of the member, and may berevoked or modified by the member at any time after retirement on a formprescribed by the retirement board; and, provided, further, that, during thistime, the named beneficiary has not been divorced from the member.

(c) The option in the case of death of a retired memberbecomes effective on the day following the death of the member, and payment ofbenefits are made in accordance with the provisions of this section, subject tothe limitations prescribed in § 45-21.2-6.