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payment to .>ne hundred (100) percent of the employee's final average compensation shall be payable i'~ a lump sum to the employee's widow or widower, or if no widow or widower to the empk~yee's minor child or minor children in equal shares. If no widow or widower or minor chi Idren shall survive the deceased member, no benefit shall be payable under this subsection. If the memb,,'rship of an employee is terminated by reason of the employee's death after the employee's normal service retirement date but prior to the employee's actual retirement, the employee's ~ccumulated contributions shall be payable in a lump sum to the employee's designated beneficiary. If the deceased ember's designated beneficiary is his or her widow or widower, they may elect to receive in lieu of the member's accumulated contributions a pension pay'able for life computed as if a member had retired on the day of the member's death and had elected the optional form of pension set forth in Section 2.64.130. Should the nembership of an employee be terminated by reason other than death or retirement, ~'.uch member shall be paid within one year the amount of the employee's contribution,'; plus interest earnings of five percent per annum on the employee's contribution.'.. In the event of death of such former member after termination of employment and prior t) receiving the employee's accumulated contributions, the employee's accumulated contributions shall be paid to the employee's designated beneficiary. If there are n,) further benefits otherwise payable under this section and the total amount of benefits rece5 ved by a member, retirant, or beneficiary up to the date of the death of the last survivor is k'ss than an amount equal to the member's accumulated contributions at the member's death or at the member's retirement date, whichever occurs first, the difference shall be paid to the beneficiary named to receive such amount, or, if no such beneficiary is living, to the ,:state of the person last receiving benefits, or, if no benefits have been received, to the estate t,fthe member. Section 2. 15, 1999. The provisions ofsubsection C of Section 2.64.120 shall be effective February Section 3. provided by law. PASSED THiS //(.,~ day of ,,,/~ t/SL{,~ 1999. CITY CLERK This ordinance shall take effect and be in force from and after its passage as CERTI/~~O BE (~'ORRECT AS TO FORM: {J CIT~TORNEY