Family benefits in lieu of other death benefits--Election by designated beneficiary to withdraw accumulated contributions

Family benefits payable under § 3-12C-901 are in lieu of the death benefits payable under any other provision of this chapter except that a designated beneficiary may elect, subject to a deduction for any benefits previously paid, prior to the receipt of the first payment under subdivision 3-12C-901(4), to withdraw the member's accumulated contributions providing there are no children on account of whom benefits are payable under subdivisions 3-12C-901(1) and (2). Source: SL 1974, ch 35 , § 51; SL 1975, ch 39 , § 6; SDCL § 3-12-97 ; SL 2019, ch 22 , § 1.