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Chapter 354A
Section 354A.34
Topics
Recent History
- 2018 354A.34 Amended 2018 c 211 art 6 s 34
This is an historical version of this statute chapter. Also view the most recent published version.
354A.34 DISPOSITION OF UNPAID PERIOD CERTAIN FOR LIFE OR GUARANTEED
REFUND OPTIONAL ANNUITIES.
If a retiree from a coordinated program who has elected a period certain and for life thereafter
or a guaranteed refund optional annuity form dies without having a designated beneficiary who
has survived the retiree, any remaining unpaid guaranteed annuity payments shall be computed
at the rate of interest specified in section 356.215, subdivision 8, and paid in one lump sum to
the estate of the retiree. If a retiree from a coordinated program who has elected a period certain
and for life or a guaranteed refund optional annuity form dies with a designated beneficiary
who has survived the retiree but the designated beneficiary dies without there existing another
designated beneficiary, any remaining unpaid guaranteed annuity payments shall be computed at
the rate of interest specified in section 356.215, subdivision 8, and paid in one lump sum to the
estate of the designated beneficiary.
History: 1979 c 217 s 19; 1Sp1985 c 7 s 35; 2002 c 392 art 11 s 52
REFUND OPTIONAL ANNUITIES.
If a retiree from a coordinated program who has elected a period certain and for life thereafter
or a guaranteed refund optional annuity form dies without having a designated beneficiary who
has survived the retiree, any remaining unpaid guaranteed annuity payments shall be computed
at the rate of interest specified in section 356.215, subdivision 8, and paid in one lump sum to
the estate of the retiree. If a retiree from a coordinated program who has elected a period certain
and for life or a guaranteed refund optional annuity form dies with a designated beneficiary
who has survived the retiree but the designated beneficiary dies without there existing another
designated beneficiary, any remaining unpaid guaranteed annuity payments shall be computed at
the rate of interest specified in section 356.215, subdivision 8, and paid in one lump sum to the
estate of the designated beneficiary.
History: 1979 c 217 s 19; 1Sp1985 c 7 s 35; 2002 c 392 art 11 s 52
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Revisor of Statutes