Okla. Admin. Code § 590:10-15-8
Current through Vol. 42, No. 6, December 2, 2024
In the event of the death of a Limited Eligible Member prior to payment of the Maximum Limited Benefit amount, the remaining Limited Benefit shall be payable only if monthly retirement benefits continue to be paid to a joint annuitant under Options A or B or a beneficiary under Option C. The Limited Benefit payment shall be paid to such joint annuitant or beneficiary in the same manner as if the Limited Eligible Member were not deceased, only so long as he or she continues to receive monthly retirement benefits. The Limited Benefit payments shall not count against the contribution amounts payable to a beneficiary pursuant to Title 74 O.S. Section 917(4).
Okla. Admin. Code § 590:10-15-8