(1) The retirement system may use any or all of the following methods to recover amounts owed from a member or benefit recipient:
(a) accept a lump-sum payment;
(b) accept installment payments;
(c) accept a rollover payment from a member;
(d) actuarially adjust monthly benefit payments;
(e) withhold up to 50% of each monthly benefit payment;
(f) withhold up to 100% of a lump-sum distribution; or
(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) For payment of amounts owed by an employer, the retirement system may use any or all of the following methods:
(a) adjust the amount of subsequent contributions due from the employer;
(b) accept installment payments; or
(c) accept a lump-sum payment.