218a

(a) Upon death of a retired member of the Employees Retirement System of the Puerto Rico Electric Power Authority in receipt of a retirement or disability annuity, any fractional amount of the pension by month or other period that is already due as of the date of his death, and/or the excess, if any, of the accumulated contributions of the member at the time of retirement, over the total amount of all retirement or disability annuity payments received by him prior to his death, shall be paid to his duly designated beneficiaries or heirs, if such designation was not made.(b) Upon death of a member of the Employees Retirement System of the Puerto Rico Electric Power Authority while in service in the Puerto Rico Electric Power Authority or while on regular leave with pay or other authorized leave of absence, the accumulated contributions of said employee as of the date of his death, which are not pledged as security for a loan from said Retirement System, shall be paid to his duly designated beneficiaries or heirs, if such designation was not made. History —June 22, 1975, No. 48, p. 112, §§ 1, 2.