15-39.2-04.1. Beneficiaries of deceased college teachers

15-39.2-04.1. Beneficiaries of deceased college teachers If a college teacher who is eligible to make the election provided by this chapter dies prior to receiving an annuity, the college teacher's designated beneficiary may elect to receive a monthly annuity computed according to the provisions of this chapter in a manner which the deceased teacher's annuity would have been computed if the deceased teacher had lived, made such an election, and selected option one as outlined in section 15-39.1-16. The designated beneficiary of a college teacher who exercised the election in section 15-10-17 is not eligible for benefits provided in this section.