State Budget and Control Board

19-971. Interest Rate. Interest shall be credited to the account of each member once each year as of June 30, on the basis of the balance in the account of each member as of the previous June 30. Upon the death, retirement, or termination of a member, interest shall be figured to…

19-972. Liquidation of Unfunded Accrued Liability Limited to 35 Years. The Board authorized the actuary to redetermine the accrued liability effective July 1, 1972 so as to accomplish the liquidation of the unfunded accrued liability over a period of not more than 35 years.

19-973. Unisex Option Factors Adopted. Effective January 1, 1982, Unisex Option Factors shall be used in actuarially determining retirement benefits.

19-979. Group Life Insurance Plan. A. Establishment of Group Life Insurance Plan. The Group Life Insurance Plan for members of the Retirement System for Members of the General Assembly, hereinafter referred to as the ‘‘Plan’’, is hereby established and created, for the purpose of…

19-983. Records of Members Confidential. All records of members, active and inactive, maintained by the Retirement System for Judges and Solicitors are classified as confidential and shall not be disclosed to third parties, except State and Federal authorities, and then only at t…

19-984. Transfer of Service Credit. An active contributing member is eligible to transfer all or any part of service credited, or which could have been credited, under another State Retirement System. A member is authorized to make only one such transfer, except that a member at …

19-986. Administrative Service Fee. Effective July 1, 1981, the Retirement Systems are authorized by the Budget and Control Board to charge members a fee of $30 to establish other creditable retirement service. The fee is to defray part of the costs involved in verifying, documen…

19-987. Change of Option. Retirees cannot be granted privilege of changing option after benefit payments are begun.

19-990. No Designated Beneficiary. If a member dies without designating a beneficiary or in case the first named beneficiary dies prior to the member, the amount that would have been paid to the beneficiary shall be paid to the estate of the deceased member.

19-991. Pro rata Benefits Paid at Death. If a retiree dies between the dates benefit payments are due, the estate of the retiree shall receive on a pro rata basis any unpaid portion of the monthly benefits.

19-995. Interest Rate. Interest shall be credited to the account of each member once each year as of June 30, on the basis of the balance in the account of each member as of the previous June 30. Upon the death, retirement, or termination of a member, interest shall be figured to…

19-996. Liquidation of Unfunded Accrued Liability Limited to 35 Years. The Board authorized the actuary to redetermine the accrued liability effective July 1, 1972 so as to accomplish the liquidation of the unfunded accrued liability over a period of not more than 35 years.

19-997. Unisex Option Factors Adopted. Effective January 1, 1982, Unisex Option Factors shall be used in actuarially determining retirement benefits. ARTICLE 10 DATA REPORTING REQUIREMENTS PERTAINING TO SUBMISSION OF AMBULATORY ENCOUNTER DATA (Statutory Authority: 1976 Code § 44-…