| (a) If an elected official is subject to a qualified
domestic relations order established prior to June 6, 2017, and the
retirement of the elected official has caused benefits to be payable
to the alternate payee prior to annuity termination, the system shall
retain an actuarially determined portion of the person's remaining
service retirement annuity contributions, including service purchase
funds, with interest, in order to continue to satisfy the obligation
to the alternate payee.
(b) If a corrections officer is subject to a qualified
domestic relations order established prior to June 10, 2019, and the
retirement of the corrections officer has caused benefits to be payable
to the alternate payee prior to annuity termination, the system shall
retain an actuarially determined portion of the person's remaining
service retirement annuity contributions, including service purchase
funds, with interest, in order to continue to satisfy the obligation
to the alternate payee.
(c) An alternate payee described by subsection (a)
or (b) of this section shall continue to receive the alternate payee's
portion of the annuity. Annuity payments shall stop at the death of
the elected official/corrections officer or the alternate payee, whichever
is earlier. Any remaining portion of the elected official's or corrections
officer's service retirement annuity contributions, including service
purchase funds, shall be refunded with interest.
(d) If an elected official or corrections officer does
not retire prior to annuity termination, the system shall satisfy
any obligation to an alternate payee under a qualified domestic relations
order by paying the alternate payee a portion of a refund of the elected
official's or corrections officer's service retirement annuity contributions,
including service purchase funds, with interest.
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