Monthly benefits payable to a spouse in the event of the death of a member before retirement or a retiree after retirement shall be divided and paid to or for the benefit of any dependent children of the deceased member or retiree in an amount equal to ten percent (10%) of the annual benefit payable to one (1) dependent child, twenty percent (20%) for two (2) dependent children, and thirty percent (30%) to three (3) or more dependent children. If there are more than three (3) dependent children, upon a child ceasing to be a dependent, his annuity shall terminate and there shall be a redetermination of the amounts payable to any remaining dependent children. Such benefits shall be paid to a surviving parent or lawful custodian of such children for the use and benefit of the children without the necessity of appointment of guardian. The remaining amount shall be paid to the spouse as otherwise provided.
Structure Mississippi Code
Chapter 29 - Employees' Retirement and Disability Systems
Article 7 - Miscellaneous Provisions
§ 21-29-311. Additional optional benefits available
§ 21-29-313. Schedule for computation of membership service or prior service
§ 21-29-319. Employment-related fringe benefits
§ 21-29-321. Determination of average monthly base salary and longevity pay
§ 21-29-325. Payment of retirement benefits by the most appropriate means as determined by the board