(a) If the participant dies during the period of participation in the Local Police and Fire Deferred Retirement Option Plan, a lump-sum payment equal to the account balance of the participant shall be paid to the participant's survivors or if none, to the participant's estate.
(b) A survivor is entitled to the annuity provided under ยง 24-10-603 based on the service and final average salary at the time the member elected to participate in the plan.
Section: Previous 24-10-702 24-10-703 24-10-704 24-10-705 24-10-706 24-10-707 24-10-708 24-10-709 NextLast modified: November 15, 2016