2564                                  Municipal Charters

excess contributions with credited interest shall be paid in a lump sum to

the payee last entitled to benefits under this plan or the estate of such

payee.

(c) Beneficiary. If any benefits to a beneficiary may become payable
in respect to a participants coverage, the participant will designate a
beneficial and may change from time to time his designation of bene-
ficiary by filing with the Personnel Officer written notice thereof on a form
satisfactory to the Personnel Officer. Such designation or change of des-
ignation of beneficiary shall take effect as of the date of execution of such
notice thereof whether or not the participant be living at the time of such
filing but without prejudice to this plan on account of any payments made

under this plan before receipt of such notice by the Personnel Officer.

In case of death any benefits hereunder payable to a beneficiary will
be paid to the payee most recently designated by the participant as bene-
ficiary provided the name of the beneficiary has been filed with the Personnel
Officer. If no name has been filed or if the named beneficiary does not sur-
vive the participant, the benefits which would have otherwise been paid to
the named beneficiary shall, at the option of the Personnel Officer, be paid
to one of the following. The participant's widow or widower, surviving
children in equal shares, or the executor or administrator of the partici-

pant. Payment made to any person set out in this paragraph will release

the pension fund from all further liability to the extent of such payment.

(1)    IF A PARTICIPANT, WHO HAS NOT ELECTED A CONTIN-
GENT ANNUITANT-OPTION AS PROVIDED IN SECTION 14-306,
DIES (1) AFTER HIS DATE OF RETIREMENT, OR (2) AFTER HIS
NORMAL RETIREMENT DATE WITH RESPECT TO A PARTIC-
IPANT WHO IS DETERMINED TO BE TOTALLY AND PERMA-
NENTLY DISABLED IN ACCORDANCE WITH SECTION 14-303 (a),
PENSION PAYMENTS PAYABLE TO THE PARTICIPANT WILL BE
CONTINUED IN THE SAME AMOUNT AND PAID TO THE PARTIC-
IPANT'S LAWFUL SPOUSE, AS PREVIOUSLY DEFINED. IF, UPON
THE DEATH OF THE LAWFUL SPOUSE WHO WAS RECEIVING PAY-
MENTS THERE IS A PARTICIPANT'S SURVIVING UNMARRIED
CHILD OR CHILDREN UNDER THE AGE OF EIGHTEEN (18)
YEARS, PAYMENTS IN THE SAME AMOUNT WHICH HAD BEEN
PAYABLE TO THE LAWFUL SPOUSE WILL BECOME PAYABLE
TO SUCH CHILD OR CHILDREN COMMENCING WITH THE FIRST
DAY OF THE MONTH FOLLOWING THE LAWFUL SPOUSE'S
DEATH. THE RETIREMENT BENEFITS OF A PARTICIPANT WHO
IS THE SURVIVING SPOUSE SHALL BECOME PAYABLE TO SAID
PARTICIPANT'S UNMARRIED CHILDREN (IF ANY), COMMENC-
ING WITH THE FIRST DAY OF THE MONTH FOLLOWING THE
PARTICIPANT'S DEATH. SUCH PAYMENT WILL BE PAYABLE TO
SUCH CHILDREN AS A GROUP, EACH SUCH CHILD BECOMING
INELIGIBLE TO RECEIVE ANY PART OF THE PAYMENT UPON
ATTAINING HIS EIGHTEENTH (18TH) BIRTHDAY OR UPON
MARRIAGE, WHICHEVER FIRST OCCURS. AS OF THE DATE ALL
THE PARTICIPANT'S UNMARRIED CHILDREN ATTAIN THEIR
EIGHTEENTH (18TH) BIRTHDAY, NO FURTHER BENEFITS WILL
BE PAYABLE, EXCEPT AS PROVIDED BELOW.

(2)    UPON THE CESSATION OF PENSION PAYMENTS TO THE
LATEST SURVIVOR(S) ABOVE, WITHIN THE FIVE (5) YEAR PE-
RIOD COMMENCING ON THE PARTICIPANT'S DATE OF RETIRE-
MENT (OR NORMAL RETIREMENT DATE WITH RESPECT TO A
PARTICIPANT DISABLED IN ACCORDANCE WITH SECTION 14-303