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t terminated employment after eligibility for retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective December, 1992. The minimum monthly payment for these retirees and beneficiaries is three hundred twenty-five dollars ($325.00); C. Provide to all retirees and beneficiaries, other than children, who retired prior to January 1, 1997, who are presently receiving benefits or will be receiving benefits prior to January 1, 1997, and who terminated employment after eligibility for retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective January 1, 1997; D. Provide to all retirees and beneficiaries, other than children, who retired prior to July 1, 1999, who are presently receiving benefits and who terminated employment after eligibility for retirement, a monthly benefit increase of forty dollars ($40.00) effective January 1, 2000; E. Provide to all retirees and beneficiaries, other than children, who retired prior to July 1, 2000, who are presently receiving benefits and who k` terminated employment after eligibility for retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective January 1, 2002. F. Provide to all retirees and beneficiaries, other than children, who retired prior to January 1, 2004, who are presently receiving benefits and who terminated employment after eligibility for retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective July 1, 2004. G. Provide to all retirees and beneficiaries, other than children, who retired prior to January 1, 2007, who are presently receiving benefits and who terminated employment after eligibility for retirement, a monthly benefit increase of twenty-one dollars ($21.00) effective July 1, 2007. 2.62.450 Benefits on Termination Other Than Retirement or Death A. If any employee shall cease to be an employee and not be eligible for any other benefits, the employee shall receive a refund of the aggregate amounts of his or her contributions to the fund, plus interest thereon at the rate of two percent per annum to the date of leaving the service. B. A former employee who is eligible for deferred retirement benefits may elect at any time prior to payment of any benefits to receive a refund as above, with interest to date of refund and in lieu of all other benefits. C. This section shall not apply with respect to employees who are in service on or after September 1, 2000 and have an investment account established under Section 2.62.630.A. Restated Police Pension Plan—City of University City Page 17