North Carolina General Statutes 120-4.34. Improper receipt of decedent’s retirement allowance
Current as of: 2024 | Check for updates
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Attorney's Note
Under the N.C. Gen. Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 1 misdemeanor | up to 120 days |
Terms Used In North Carolina General Statutes 120-4.34
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Decedent: A deceased person.
- Retirement: means the withdrawal from active service with a retirement allowance granted under the provisions of this Article. See North Carolina General Statutes 120-4.8
A person is guilty of a Class 1 misdemeanor if the person, with the intent to defraud, receives money as a result of cashing, depositing, or receiving a direct deposit of a decedent‘s retirement allowance and the person (i) knows that he or she is not entitled to the decedent’s retirement allowance, (ii) receives the benefit at least two months after the date of the retiree’s or beneficiary‘s death, and (iii) does not attempt to inform this Retirement System of the retiree’s or beneficiary’s death. (2011-232, s. 10(d); 2013-288, s. 9(e).)