3-13-60. Required minimum distributions--Participant's death before distributions begun.

If a participant dies before required distribution of the participant's benefits has begun, the participant's interest shall be distributed as follows:

(1)    If the participant has a surviving spouse, the surviving spouse shall receive benefits over the life of the surviving spouse beginning as soon as administratively possible and effective the month after the participant's death; or

(2)    If the participant has no surviving spouse, the participant's remaining interest shall be distributed in a lump sum payment to the designated beneficiary within five years from the date of the participant's death.

Source: SL 2021, ch 28, § 9.