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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 590. Oklahoma Public Employees Retirement System |
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Chapter 10. Public Employees Retirement System |
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Subchapter 15. Limited Retirement Benefit |
SECTION 590:10-15-8. Deceased limited eligible members
Latest version.
- In the event of the death of a Limited Eligible Member prior to payment of the Maximum Limited Benefit amount, the remaining Limited Benefit shall be payable only if monthly retirement benefits continue to be paid to a joint annuitant under Options A or B or a beneficiary under Option C. The Limited Benefit payment shall be paid to such joint annuitant or beneficiary in the same manner as if the Limited Eligible Member were not deceased, only so long as he or she continues to receive monthly retirement benefits. The Limited Benefit payments shall not count against the contribution amounts payable to a beneficiary pursuant to Title 74 O.S. Section 917 (4).