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26 66 <br />27 67 <br />28 68 <br />29 69 <br />30 or more 70 <br /> <br />Upon the death of a former employee who is eligible for benefits under Section 2.62.080(B) <br />the excess, if any, of the employee's accumulated contributions over the aggregate of any <br />benefits the employee has received, will be payable to the employee's designated <br />beneficiary, or if none, then to the employee's estate. No other benefits are payable; <br /> <br />There shall be paid to current retirees, except those receiving benefits under Section <br />2.62.080(B), within the classifications scheduled below, and to current beneficiaries <br />whose spouses retired within these classifications, the additional amounts <br />scheduled; said amounts are in addition to any other benefits they are now entitled <br />to receive: <br /> <br />Classification <br /> <br />Additional <br />Benefit Per Month <br /> <br />Retired prior to Oct. 1, 1982 <br />Retired after Oct. 1, 1982 <br />but prior to Jan. 1, 1987 <br /> <br />$125.00 <br /> 25.00 <br /> <br />Provide to all retirees and beneficiaries, other than children, who retired prior to <br />January 1, 1992, who are presently receiving benefits, and who terminated <br />employment after eligibility for retirement, a monthly benefit increase of txventy- <br />five dollars ($25.00) effective December, 1992. The minimum monthly payment <br />for these retirees and beneficiaries is three hundred twenty-five dollars ($325.00); <br /> <br />Provide to all retirees and beneficiaries, other than children, who retired prior to <br />January 1, 1997, who are presently receiving benefits or will be receiving benefits <br />prior to January 1, 1997, and who terminated employment after eligibility for <br />retirement, a monthly benefit increase of twenty-five dollars ($25.00) effective <br />January 1, 1997; <br /> <br />Provide to all retirees and beneficiaries, other than children, who retired prior to <br />July 1, 1999, who are presently receiving benefits and who terminated employment <br />after eligibility for retirement, a monthly benefit increase of forty dollars ($40.00) <br />effective January 1, 2000. <br /> <br />In no event shall the benefits payable under this plan exceed the limitations of the Internal <br />Revenue Code, Section 415; <br /> <br />N. The payment of any benefits shall commence by April 1 st of the calendar year. tbllowing <br /> <br />-6- <br /> <br /> <br />