52:18A-121. Single cash payment for participant ceasing to be member of retirement system
Any participant who ceases to be a member of a State administered retirement system and who does not qualify and apply for benefits under another provision of this act shall be paid a single cash payment. The amount of such payment shall be an amount equal to the value of his account as of the last day of the calendar month in which he ceases to be a member of a State administered retirement system.
L.1963, c. 123, s. 15.
Section: Previous 52-18a-114 52-18a-115 52-18a-116 52-18a-117 52-18a-118 52-18a-119 52-18a-120 52-18a-121 52-18a-122 52-18a-123 52-18a-124 52-18a-151 52-18a-152 52-18a-153 52-18a-154 Next
Last modified: October 11, 2016