The designated beneficiary shall be the spouse of the member, if living at the time
the optional retirement benefit is elected, or with the written approval of the Retirement
Board, the designated beneficiary may be any of his or her children, either natural
or adopted, parents, brothers or sisters. If the designated beneficiary dies prior
to the due date of the first payment of retirement benefits under the Plan and no
new beneficiary has been designated, retirement benefits shall be paid in a lump sum
to the estate of the beneficiary.
(Ord. 905 §1, 1985; Ord. 672, Art. 5 §5, 1973)
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