TITLE 1: GOVERNMENT
DIVISION 8: PUBLIC EMPLOYMENT
§ 8384. Time for Payments. (a) Any service retirement annuity, disability retirement annuity, or any other annuity provided herein shall be payable in equal semimonthly installments as life annuities, or as temporary annuities, as the case may be, and shall not be increased, decreased, revoked or repealed, except where specifically otherwise provided. The cost of providing death benefits for members in receipt of retirement annuities shall not be construed as a reduction in the life annuity payable to the member. (b) Semimonthly annuity payments to eligible members shall commence on the first regular payment date immediately following the effective date of retirement or disability, and in the case of eligible survivors on the first regular payment date immediately following the death of the member or retiree. Said payments shall commence notwithstanding the fact that the Board of Trustees shall not have passed the application or authorized the expenditure thereof, in which events the payments shall be made for an amount estimated to be payable. The board shall adopt rules and regulations to provide for the reimbursement of the fund or the annuitant for estimated payments made in excess of or less then the annuity as finally determined by the board. (c) The first semimonthly payment of annuities shall be prorated to provide benefits only for the portion of the preceding period during which the annuitant was eligible for such annuity. (d) The last semimonthly payment of annuities, whether occurring by reason of death, ineligibility, or otherwise, shall be prorated to provide benefits only for the portion of the preceding period during which the annuitant was eligible for such annuity. Source: PL 6-17, ch. 8, § 8383.