(A) Any of the funds in the Police Pension and Retirement System, whether paid by the city or contributed by the police officers of the city, shall be used only for the following purposes:
(1) For investments, as authorized in § 1-93(D)(1);
(2) For the payment of pensions for long service to retired meritorious police officers of the city; and
(3) For the payment of a pension to any widow, while single, and a child or children under 18 years of age of any police officer eligible for a pension.
(B) Payments, in any event, shall not exceed the limits in this article provided.
(`90 Code, § 1-44)