SECTION .0300 ‑ BENEFITS
20 NCAC 02L .0301 DEATH BENEFITS
(a) A lump‑sum death benefit of five thousand dollars
($5,000.00) shall be paid to the designated beneficiary upon the death of an
active participant and four thousand dollars ($4,000.00) upon the death of a
retired participant; provided that, the officer had been a participant for at
least six months; or, in case of accidental death, eligibility dates from the
time of acceptance as a participant.
(b) The death benefit shall be paid only upon written
application of the designated beneficiary. Should the designated beneficiary
or beneficiaries, predecease the participant, the death benefit shall be paid
to the participant's estate. The board shall require the filing of a death
certificate and such additional information as may be deemed necessary by the
board.
(c) The board shall determine the eligibility of any person
applying to receive the death benefit.
History Note: Authority G.S. 143‑166.60;
Eff. August 1, 1983.