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13. employee has received, will be payable to the employee's designated beneficiary, or if none, then to the employee's estate. No other benefits are payable. (a) There shall be paid to current retirees, except those receiving benefits under section 25-14(d), within the classifications scheduled below, and to current beneficiaries whose spouses retired within these classifications, the additional amounts scheduled, said amounts are in addition to any other benefits they are now entitled to receive. 14. 15. 16. Classification Additional Benefit per Month Retired prior to Oct. 1, 1982 Retired after Oct. 1,1982 but prior to Jan. 1, 1987 $125 $ 25 (b) Provide to all retirees and beneficiaries, other than children, who retired prior to January 1, 1992, who are presently receiving benefits, and who 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 $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. In r~o event shall the benefits payable under this plan exceed the limitations of the Internal Revenue Code, Section 415. The payment of any benefits shall commence by April 1 of the calendar year, following the calendar year when the employee attains the age of seventy and one-half (70 1/2). No retiree or surviving spouse shall be entitled to a new benefit of less than $325.00 a month. This section shall not apply to a retiree who terminated prior to eligibility for retirement nor to a surviving spouse of a member who terminated prior to eligibility for retirement.