Except as hereinafter set forth, no benefit shall be payable hereunder upon or by reason of the death of any participant.
[Amended 9-2-2008 by Ord. No. 1559; 12-2-2013 by Ord. No. 1600]
A. 
A surviving spouse benefit shall be payable to the spouse of a participant who shall die after completing at least 10 years of credited service and prior to retirement in an amount equal to 50% of the accrued benefit of the participant as of the date of death. The surviving spouse benefit shall commence as of the first day of the month coincident with or next following the date on which the participant would have attained normal retirement age and shall be paid monthly thereafter until the death of the surviving spouse shall occur.
B. 
A surviving spouse benefit shall be payable to the spouse of a participant who shall die after beginning to receive benefit payments payable pursuant to § 46-24. The benefit payable shall be an amount equal to 50% of the monthly amount the participant was receiving as of his date of death. The surviving spouse benefit shall commence as of the first day of the month next following the date of the participant's death and shall be paid monthly thereafter until the death of the surviving spouse shall occur. Only the spouse of the participant as of the disability retirement date shall be eligible to receive the surviving spouse benefit.
C. 
Employees who die while receiving normal retirement benefits shall be entitled to a spousal death benefit. The surviving spouse shall be entitled to a benefit of 50% of the pension the employee was receiving prior to death. The benefit shall commence as of the first day of the month next following date of the employee's death and shall be paid monthly thereafter until the death of the surviving spouse. Only the spouse shall be entitled to receive the death benefit. Such benefit must be selected at the time of retirement.
A benefit shall be payable to the beneficiary of a participant who shall die prior to retirement and without eligibility for a surviving spouse benefit under § 46-34 in a single payment in an amount equal to the accumulated contributions as of the date of death of the participant.
If a participant shall die after the payment of retirement benefits has commenced, the beneficiary of such participant shall receive in a single payment an amount equal to the accumulated contributions as of the date of death of the participant, minus the amount of retirement benefits paid to such participant prior to the date of death.