§ 47-2-306.2. Unpaid accumulated contributions - Payment to beneficiary or next of kin.  


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  • In the event the total retirement payments made to the member and his joint annuitant, if any, are less than the member's accumulated contributions, the difference shall be paid to the member's designated beneficiary or if no designated beneficiary survives, then to the member's nearest surviving next of kin as determined by law.

Laws 1980, c. 357, § 12, eff. July 1, 1980.