On page 9, after line 24, insert the following:
"(3) The employment security department shall provide a refund from the account created in section 10 of this act to:
(a) A qualified individual who is age sixty or older and who elects not to receive the program benefit; or
(b) The heirs of a deceased qualified individual who has not accessed the benefit.
(4) For the purposes of this section, "refund" means the full dollar amount of the premiums paid by the qualified individual plus the interest the premiums accrued in the account created in section 10 of this act."