In the event that any officer’s or employee’s term of service or employment with the city terminates or the occurrence of the demise of an annuitant before the amount of his authorized deductions has accumulated in his account to an amount sufficient to purchase the bond or bonds, or in the event any such deduction is revoked or cancelled, a demand shall be drawn upon such fund for the amount then standing to the credit of said officer, employee, or annuitant to be delivered to him or the executor or administrator of the estate of such deceased person, or to any other person legally authorized to receive property due said decedent, upon the closing of said account.
SECTION HISTORY
Based on Ord. No. 85,979.
Amended by Ord. No. 116,527; Ord. No. 144,546, Eff. 5-3-73.