§ 16-47. Pre-retirement death.  

Latest version.
  • The beneficiary of a member who dies before receiving monthly benefits shall receive a refund of one hundred (100) percent of the total contributions made by the member, with simple interest thereon computed at the greater of five (5) percent per annum, or such other rate as may be designated from time to time by the board. No other benefit shall be payable under the circumstances described above.

(Ord. No. 99-02, § 2, 5-4-99)