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contributions plus interest earnings of five percent per annum on the employee's <br />contributions. In the event of death of such former member after termination of employment <br />and prior to receiving the employee's accumulated contributions, the employee's <br />accumulated contributions shall be paid to the employee's designated beneficiary. <br /> <br />Do <br /> <br />If there are no further benefits otherwise payable under this section and the total amount of <br />benefits received by a member, retirant, or beneficiary up to the date of the death of the last <br />survivor is less than an amount equal to the member's accumulated contributions at the <br />member's death or at the member's retirement date, whichever occurs first, the difference <br />shall be paid to the beneficiary named to receive such amount, or, if no such beneficiary is <br />living, to the estate of the person last receiving benefits, or, if no benefits have been received, <br />to the estate of the member. <br /> <br /> Section 2. An emergency is hereby declared to exist in that this ordinance is needed to <br />financially protect family members of employees who could die before their normal service <br />retirement date. This ordinance shall take effect and be in force from and after its passage as <br />provided by law. <br /> PASSED THIS "~ day ~~~ , 2002. <br /> <br />CERTIFIED ff~ BE CO.CT AS TO FO~: <br /> <br /> city <br /> <br /> <br />