§ 512. Withdrawal and death benefits. Benefits upon withdrawal and\ndeath shall be payable as follows:\n a. A member who withdraws from service or ceases to be a teacher for\nany cause other than death or retirement shall be paid on demand the\naccumulated contributions standing to the credit of his individual\naccount in the annuity savings fund. A member who has no accumulated\ncontributions credited to his individual account in the annuity savings\nfund and who ceases to be a teacher for any cause other than death or\nretirement may withdraw from membership in the system by filing a notice\nof withdrawal with the system pursuant to rules and regulations adopted\nby the retirement board.\n b. 1. Should a contributor die before retirement, his accumulated\ncontributions shall be paid to his estate or to such person as he shall\nhave nominated to receive such benefit. In the event such designated\nbeneficiary does not survive him, or if he shall not have so designated\na beneficiary, such benefit shall be payable to the deceased member's\nestate or as provided in section one hundred three-a of the decedent\nestate law. Such nomination must be by written designation duly executed\nand filed with the retirement board.\n 2. In addition to the return of accumulated contributions, a death\nbenefit also shall be payable upon the death of a member who dies before\nthe effective date of his retirement, and was in service upon which his\nmembership was based when he died or was on the payroll in such service\nand paid within a period of twelve months prior to his death and had not\nbeen otherwise gainfully employed since he ceased to be on such payroll\nor if, during the period that membership is valid, the retirement board\nshall determine to its satisfaction that said member was physically or\nmentally incapacitated for the performance of duty at the time he ceased\nto be on the payroll in such service and that he had been so\nincapacitated and had not been otherwise gainfully employed since he\nceased to be on such payroll; provided he had credit for one or more\nyears of service while actually a member. The amount of death benefit\nshall be computed by multiplying one twelfth of the compensation\nearnable by such member during his last twelve months of service while a\nmember by the number of years, not to exceed twelve, of his total credit\nfor service as a teacher in this state. Where the member has more than\ntwelve years of credited service as a teacher in this state and when his\ndeath occurs on or after July first, nineteen hundred sixty-one, and\nbefore July first, nineteen hundred seventy-four, there shall be added\nto such benefit one twenty-fourth of such compensation multiplied by the\nnumber of years in excess of twelve, but not to exceed twenty-four such\nyears, of his total credit for service as a teacher in the state. The\ndeath benefit shall be paid to such person as he shall have nominated to\nreceive such benefit. In the event such designated beneficiary does not\nsurvive him, or if he shall not have so designated a beneficiary, such\nbenefit shall be payable to the deceased member's estate or as provided\nin section one hundred three-a of the decedent estate law. Such\nnomination must be by written designation duly executed and filed with\nthe retirement board. The provisions of this paragraph two of\nsubdivision b of this section shall apply only to deaths occurring on\nand after July first, nineteen hundred fifty-nine.\n 3. Notwithstanding any other provisions of this article or any rules\nor regulations adopted thereunder by the retirement board, the death\nbenefit payable pursuant to paragraph two of this subdivision, in the\ncase of a member who dies after having become eligible to apply and be\nretired for special service or superannuation pursuant to the provisions\nof this article, shall be increased by the amount, if any, that the\nactuarial equivalent of the pension portion of his retirement allowan
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