§ 282.07 METHOD OF DISTRIBUTION OF BENEFITS.

(a) Refund benefits becoming distributable pursuant to § 282.06(a) and death benefits becoming distributable pursuant to the provision of § 282.05(a) shall be paid in the form of a lump-sum distribution.

(b) The normal form of all benefits payable hereunder shall be a pension for the life of the member commencing on the date specified and ending with a payment made on the first day of the month in which the member dies, subject, however, to the payment of a death benefit calculated pursuant to § 282.05(b).

(Ord. 839, passed 5-17-2006; Ord. 903, passed 6-27-2012)

Disclaimer: This Code of Ordinances and/or any other documents that appear on this site may not reflect the most current legislation adopted by the Municipality. American Legal Publishing provides these documents for informational purposes only. These documents should not be relied upon as the definitive authority for local legislation. Additionally, the formatting and pagination of the posted documents varies from the formatting and pagination of the official copy. The official printed copy of a Code of Ordinances should be consulted prior to any action being taken. For further information regarding the official version of any of this Code of Ordinances or other documents posted on this site, please contact the Municipality directly or contact American Legal Publishing toll-free at 800-445-5588.

Hosted by: American Legal Publishing

Back to Code Library

Previous Doc

Next Doc