Upon the death of any member, a lump sum amount shall be paid to such person as the member has nominated by written designation, filed with the board; otherwise to the member’s estate. Such lump sum amount shall be equal to the total amount credited to the member’s account on the date of the member’s death.
History. Code 1981, § 47-22-10 , enacted by Ga. L. 1992, p. 1288, § 1.