86.292. Accumulated contributions to remain system assets, when.
Accumulated contributions to remain system assets, when.
86.292. If the board of trustees is unable to refund the accumulatedcontributions of a member or to commence payment of benefits within fiveyears after such refund or benefits are otherwise first due and payable,the accumulated contributions shall remain assets of the retirement system.If proper application is thereafter made for refund or benefits, the boardshall make payment, but no credit shall be allowed for any interest afterthe date the refund or benefits were first due and payable.
(L. 2000 H.B. 1808, A.L. 2001 S.B. 290)