(A) On the death of a member occurring while in active service, if no spouse's annuity or children's annuities are payable the designated beneficiary of the member or his or her estate shall be entitled to a death benefit equal to the total contributions made by the member, without interest, or $1,000, whichever is greater.
(B) On the death of a retired member, if no spouse's annuity or children's annuities are due or payable, a death benefit shall be paid to the designated beneficiary or estate of the member equal to the excess, if any, of the total contributions made by the member, without interest, over the total annuity payments received by the member. The minimum payment, if any amount is payable, shall be $500. If a spouse's annuity or children's annuities are payable after the death of the retired member, the amount of the death benefit, if any, shall be determined on termination of annuity payments to all survivors of the member, whether the termination occurs by death, remarriage, or other cause. No minimum benefit shall be payable in such a case, and payments to the survivors shall be deemed payments received by the member.
(1999 Lou. Code, § 36.114) (Lou. Ord. No. 91-1973, approved 6-29-1973; Lou. Metro Am. Ord. No. 64-2004, approved 6-3-2004)