If a retirant dies before he or she has received in payment of his or her straight life retirement allowance an aggregate amount equal to his or her accumulated contributions standing to his or her credit in the accumulated contributions account at the time of his or her retirement, the difference between his or her accumulated contributions and the aggregate amount of straight life retirement allowance payments received by him or her shall be paid to the person as he or she shall have nominated by written designation duly executed and filed with the board. If there is no designated person surviving the retirant, the difference, if any, shall be paid to his or her legal representative. No benefits shall be paid under this section on account of the death of a retirant who elected option A, B or C provided in § 39.236.
(1957 Rev. Ords., § 2.517C; 1992 Code, § 35-27; Ord. 118-16, passed 12-20-2016)