The department may establish, operate, and make necessary contributions to a mortality reserve account for the payment of supplementary death benefits to deceased employee beneficiaries. However, a supplementary death benefit may not exceed:

1. (1) fourteen thousand five hundred dollars ($14,500), for an employee beneficiary who dies before July 1, 2013; or

2. (2) twenty thousand dollars ($20,000), for an employee beneficiary who dies after June 30, 2013.

   [Pre-2003 Recodification Citation: 10-1-2-3.]

As added by P.L.2-2003, SEC.3. Amended by P.L.61-2013, SEC.1.