The benefit to which the beneficiary is entitled shall depend on the beneficiary designation form on file with the retirement system and the deceased member’s creditable service. In order for a beneficiary to be eligible for a monthly death benefit under paragraph (2) or (3) of this subsection, the deceased member must have had a minimum of ten years of creditable service at the time of death. The nearest year of the attained ages of both the member and the beneficiary at the time of the member’s death will be used in the application of appropriate actuarial tables and in determining the monthly benefits of the beneficiary. A monthly death benefit shall commence the first day of the month following the month in which the member’s death occurred.
History. Ga. L. 1965, p. 267, §§ 3, 4; Ga. L. 1973, p. 905, § 2; Ga. L. 1974, p. 1023, § 5; Ga. L. 1978, p. 1442, § 1; Ga. L. 1984, p. 998, § 2.
Structure Georgia Code
Title 47 - Retirement and Pensions
Chapter 3 - Teachers Retirement System of Georgia
Article 7 - Retirement Allowances, Disability Benefits, and Spouses’ Benefits
§ 47-3-123. Benefits Payable Upon the Death of a Member Before Retirement
§ 47-3-126. Postretirement Benefit Adjustments
§ 47-3-126.1. Postretirement Benefit Adjustments Effective July 1, 1984
§ 47-3-126.2. Postretirement Benefit Adjustments Effective July 1, 1986
§ 47-3-126.3. Postretirement Benefit Adjustments