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2.62.150 Retirement benefits generally-Schedule There shall be paid to each employee found eligible to retire, and to the employee's spouse and children, as provided in Sections 2.62.080, 2.62.090 and 2.62.100, from this fund herein created, or by workmen's compensation benefits or a combination of both, when approved by the board of trustees, the following benefits: To an employee retired on account of age and service as set forth in Section 2.62.080(A), a monthly benefit according to the employee's attained age at his or her last birthday as follows: Percentage of Age in Years Base Monthly Salary 50 40% 51 44% 52 48% 53 52% 54 56% 55 or more 60% To an employee retired on account of disability as set forth in Section 2.62.090, a monthly benefit equal to sixty (60) percent of the base monthly salary then in effect. The payment shall be made monthly during the retiree's life and continued disability; but if the retiree's disability shall cease as set forth in Section 2.62.180, prior to the death of such retiree, and prior to the time the retiree shall attain the age of fifty-five (55) years, then such payment shall cease upon the termination of such disability; Go To an employee retired on account of disability as set forth in Section 2.62.100, the greater of: A monthly benefit equal to twenty-five (25) percent of the base monthly salary then in effect, or A monthly benefit determined by the ratio of the employe¢'s years of service at the date of disability to the years of service the employee would have had by working to age fifty-five (55), as applied to the benefit the employee would have had by working to age fifty-five (55), but using the employee's current base salary, plus A monthly benefit often percent of the monthly base salary then in effect for each child of such employee while such child is unmarried, dependent and under the age of eighteen (18) years; provided the total monthly payment shall not exceed fifty- five (55) percent of the monthly base salary. In the event of death from causes set forth in Section 2.62.100, the surviving spouse and minor children shall be entitled to benefits equal to seventy-five (75) percent -2-