51.1-163 - Death after retirement. - Virginia Statutes

§ 51.1-163. Death after retirement.

If a member dies after the effective date of retirement, any excess of hisaccumulated contributions as of the effective date of his retirement, overthe total retirement allowances received by him, shall be paid in the samemanner as provided in subsection A of § 51.1-162, subsection A of § 51.1-207,or subsection A of § 51.1-218, in accordance with the retirement plancovering such member, unless the retirement allowance is then being paid inaccordance with any of the optional benefits provided for in § 51.1-165 or §51.1-165.01. Accumulated contributions as of the effective date of retirementshall include all member contributions paid by the employer on behalf of themember on and after July 1, 1980, and all interest which would have accruedto these funds.

(1952, c. 157, § 51-111.59; 1960, c. 604; 1990, c. 832; 1991, c. 302; 1995,c. 307; 2001, cc. 679, 699.)