Sec. 21. (a) If benefits are not payable to the survivors of a participant who dies, and if a withdrawal application is filed with the board by the survivors or the participant's estate, the total of the participant's contributions, plus interest at a rate specified by rule by the board and minus any payments made to the participant, shall be paid to:
(1) the surviving spouse of the participant or the children of the participant, as designated by the participant;
(2) any dependents of the participant, if a spouse or designated child does not survive; or
(3) the participant's estate, if a spouse, designated child, or other dependent does not survive.
(b) The amount owed a spouse, designated children, other dependents, or estate under subsection (a) is payable not later than sixty (60) days after the date of receipt of the withdrawal application, or in monthly installments, as the recipient elects.
[Pre-2004 Recodification Citation: 33-14-9-19.]
As added by P.L.98-2004, SEC.18. Amended by P.L.16-2011, SEC.12; P.L.160-2013, SEC.10.
Structure Indiana Code
Title 33. Courts and Court Officers
Article 39. Prosecuting Attorneys
33-39-7-0.1. Applicability of p.l.33-2006 Amendments
33-39-7-1. Application of Chapter
33-39-7-2. Americans With Disabilities Act
33-39-7-9. Establishment of Fund; Contents
33-39-7-10. Fund Construed as Trust; Purpose
33-39-7-11. Administration; Commingling; Duties of Board; Appeals; Confidentiality of Fund Records
33-39-7-12.5. Submission of Contributions, Reports, and Records Electronically
33-39-7-13. Withdrawals; Rejoining Fund if Participant Returns to Service
33-39-7-15. Eligibility for Retirement Benefits
33-39-7-16. Computation of Retirement Benefits
33-39-7-17. Eligibility for Disability Benefits; Certification by Physician; Segregation of Records
33-39-7-18. Computation of Disability Benefits
33-39-7-19. Benefits Payable to Surviving Spouse; Eligibility; Computation
33-39-7-20. Benefits Payable to Dependent Children; Eligibility; Computation; Distribution
33-39-7-21. Withdrawal of Funds After Participant Dies; Surviving Spouse; Children; Estate
33-39-7-22. Satisfaction of Section 401 of the Internal Revenue Code Requirements
33-39-7-24. Rollover to Eligible Retirement Plan