§ 1509.7. DEATH OF MEMBER PRIOR TO RETIREMENT; DEATH BENEFIT.

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Upon the death of a member, before retirement, the Retirement System shall be liable for and shall pay a death benefit consisting of either or both of the following:
(a)

The member's accumulated contributions, with interest thereon, to be paid to the member's estate or to such person having an insurable interest in the life of the member if the member shall nominate by written designation duly executed and filed with the Retirement Board.

(b)

An amount of money equal to the member's compensation earnable during the 6 months immediately preceding the death of the member to be paid only to the member's surviving spouse, child or children or dependent father or mother.

The foregoing death benefits shall be paid in monthly installments in accordance with Sections 1509.71 and 1509.72 hereof, except where a lump sum is specified.

                    
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