Each member will designate the beneficiary to whom the death benefits, if any, shall be paid in the event of his or her death prior to retirement. Each member has the right, from time to time, to change any designation of beneficiary and the interest of any beneficiary will be subject to such right. A designation or change of beneficiary must be in writing on forms supplied by the Pension Committee and any change of beneficiary will not become effective until such change of beneficiary is filed with the Pension Committee, whether or not the member is alive at the time of such filing, but subject to any action taken or payment made on direction of the Pension Committee prior to such filing. The interest of any beneficiary who dies before the member will terminate unless otherwise provided. If a beneficiary is not validly designated, cannot be found or is not living at the date of payment, any amount payable pursuant to this Employees' Pension Plan will be paid to such of the following, in the order named, as the Pension Committee deems proper:
(a) The member's spouse;
(b) The member's children, per stirpes;
(c) The member's parents;
(d) The member's brothers and sisters;
(e) The member's nephews and nieces; and
(f) The executors or administrators of the member's estate.
(Ord. 826. Passed 10-9-84.)