§ 17. [Refund of accumulated contributions.]  


Latest version.
  • (a)

    Should any member cease to be an officer or employee of the city and not be entitled to receive a retirement allowance payable from funds provided by the city, he shall be paid all or part of his accumulated contributions as he shall demand in writing on forms furnished by the board.

    (b)

    Upon the death of a member, his accumulated contributions at the time of his death shall be paid, except as otherwise provided in this chapter, to such person or persons as he shall have nominated by written designation duly executed and filed with the board. If there be no such designated person or persons surviving the said member, his said accumulated contributions shall be paid to his estate.

    (c)

    In the event any member dies intestate, without heirs, and without having nominated a beneficiary as provided in paragraph (b) of this section, his accumulated contributions at the time of his death, may be used to pay his burial expense, not to exceed a reasonable sum to be determined by the board; provided, that the said deceased member leave no other estate sufficient for such purpose.

    (d)

    Payments of refunds of accumulated contributions, as provided in this section, may be made in a single sum or in monthly installments as the board shall determine.