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Session Laws, 2006
Volume 750, Page 4976   View pdf image
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RESOLUTION
(c) Same - Eligible presiding officer. (1) This subsection applies to a retiree who served as an eligible presiding officer
or a beneficiary of an eligible presiding officer. (2) As of the date the salary of a current presiding officer is increased, the Board
of Trustees shall recompute a retirement allowance or a survivor allowance under this Item 3A
on the basis of the annual salary payable to a current presiding officer. 15. Effect of employment of retiree. (a)  Subject to subsection (b) of this section, beginning January 9, 1991, a retiree who is
receiving a retirement allowance may accept employment with the State as an employee or an
elected or appointed official without any reduction in the retiree's retirement allowance. (b) If a retiree who is receiving a retirement allowance becomes a member of the General
Assembly: (1) The retiree's retirement shall be canceled; (2)  The retirement allowance payments shall terminate after the last day of the
month preceding the date of return to service as a legislator; (3) All previous creditable service shall be restored to the account of the member;
and (4)  If the legislator elects to join the Legislative Pension Plan, the member shall
be credited with membership service credit during the period the retiree is a member of the
General Assembly. 16. Benefit - Death of member with at least 8 years of service. (a) Application of section. This section applies only on the death of a member who has at
least 8 years of creditable service. (b) Lump-sum death benefit. (1) Except as provided in subsection (c) of this section, on the death of a member,
the Board of Trustees shall pay to the member's surviving spouse, or if there is no surviving
spouse or if the surviving spouse waives the right to a benefit under thus subsection, to the
member's designated beneficiary or beneficiaries a lump-sum death benefit consisting of the sum
of: (i) The member's accumulated contributions; and
4971


 
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Session Laws, 2006
Volume 750, Page 4976   View pdf image
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