1. (1) The retirement system may use any or all of the following methods to recover amounts owed from a member or benefit recipient:

   1. (a) accept a lump-sum payment;
   2. (b) accept installment payments;
   3. (c) accept a rollover payment from a member;
   4. (d) actuarially adjust monthly benefit payments;
   5. (e) withhold up to 50% of each monthly benefit payment;
   6. (f) withhold up to 100% of a lump-sum distribution; or
   7. (g) withhold up to 100% of the lump-sum death benefit payable under 19-20-1001(1)(b) or 19-20-1002(1)(a).

2. (2) For payment of amounts owed by an employer, the retirement system may use any or all of the following methods:

   1. (a) adjust the amount of subsequent contributions due from the employer;
   2. (b) accept installment payments; or
   3. (c) accept a lump-sum payment.

History: En. Sec. 9, Ch. 210, L. 2015; amd. Sec. 20, Ch. 276, L. 2019.