3-12C-906. 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.