Sec. 4. The department may establish, operate, and make necessary contributions to a mortality reserve account for the payment of supplementary death benefits to deceased employee beneficiaries. However, a supplementary death benefit may not exceed twenty thousand dollars ($20,000). The department may not use a deceased employee beneficiary's retirement date with the department as a factor in determining the amount of the deceased employee beneficiary's supplementary death benefit.
[Pre-2003 Recodification Citation: 10-1-2-3.]
As added by P.L.2-2003, SEC.3. Amended by P.L.61-2013, SEC.1; P.L.86-2019, SEC.1.