§ 40-311. Pre-retirement Death Benefits for Vested Participants.  


Latest version.
  • Any Participant whether or not still in active employment, who has a nonforfeitable (vested) right to any portion of the Accrued Benefit, and who dies prior to the commencement of benefits, shall have a survivor benefit payable on his behalf. The survivor benefit shall be payable to the Participant's designated beneficiary.

    The amount of the survivor benefit shall be the benefits which were otherwise payable to the police officer had he survived and shall be payable upon the date the Participant would have reached normal or early retirement age, as elected by the designated beneficiary.

(Ord. No. 90-33, Ch. II, § 11-1, 5-21-91)