§18412. Limitation on benefits
Benefits are limited as follows:
[PL 1987, c. 256, §34 (NEW).]
1.
One benefit only.
A beneficiary may select only one benefit, regardless of how many benefits the beneficiary qualifies for; and
[RR 2023, c. 2, Pt. B, §145 (COR).]
2.
Election final.
Except as provided in section 18403, subsection 4, and section 18553, subsection 8, if a beneficiary elects a benefit after receiving reasonable notification of available options from the retirement system, the beneficiary's election of a benefit is final and may not be changed or revoked at a later date.
[PL 1991, c. 548, Pt. A, §3 (AMD).]
SECTION HISTORY
PL 1987, c. 256, §34 (NEW). PL 1991, c. 548, §A3 (AMD). RR 2023, c. 2, Pt. B, §145 (COR).