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Utah State Retirement and Insurance Benefit Act | |
Utah State Retirement Systems Administration | |
Section 620 | Closing the retirement account -- Status of retirees and beneficiaries. |
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49-11-620. Closing the retirement account -- Status of retirees and beneficiaries. (1) The monthly benefit payable for the month a retiree, beneficiary, or alternate payee dies shall be a full monthly benefit and shall be payable to the estate of the deceased. (2) If more than one year has elapsed since the death of a retiree whose designated beneficiary is deceased and whose account payable to the beneficiary amounts to $100 or less, the account shall be closed and further payment may not be made.
Enacted by Chapter 250, 2002 General Session |
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