NAC286.370. Death of retired employee.  


Latest version.
  • If a retired employee dies, the benefits earned but not yet paid and the surplus of employee contributions over total benefits received, if any, will be disbursed as follows:

         1. If the named beneficiary is a spouse, the portion of the monthly benefit earned from the first of the final month to the date of death and, for those retired under the unmodified plan, any employee contributions in excess of benefits received, will be paid in one lump sum to the spouse.

         2. If the named beneficiary is not a spouse, then the portion of the monthly benefit earned from the first of the final month to the date of death will be paid to the estate of the deceased and, for those retired under the unmodified plan, any employee contributions in excess of benefits received will be paid to the named beneficiary.

         3. If the System receives a communication which reasonably establishes that the will of the deceased will not be probated, the portion of the monthly benefit earned from the first of the final month to the date of death will be paid to the spouse or, if there is no spouse, to the heirs of the deceased. Any employee contributions in excess of benefits received will be paid to the named beneficiary or, if there is no named beneficiary, to the heirs of the deceased.

     [Pub. Emp. Retirement Bd., § 46, eff. 7-16-82]