1. Except as otherwise provided in subsections 2 and 3, a Legislator who is a member of the Legislators’ Retirement System who is convicted of or pleads guilty or nolo contendere to any felony involving:
(a) Accepting or giving, or offering to give, any bribe;
(b) Embezzlement of public money;
(c) Extortion or theft of public money;
(d) Perjury; or
(e) Conspiracy to commit any crime set forth in paragraphs (a) to (d), inclusive,
Ê and arising directly out of his or her duties in legislative service, forfeits all rights and benefits under the System.
2. Upon a conviction described in subsection 1, the Legislators’ Retirement System must return to the member, without interest, all contributions which the member has made and which were credited to the member’s individual account.
3. The provisions of subsections 1 and 2 apply only to Legislators who become members of the Legislators’ Retirement System on or after July 1, 2015.