§ 16.79. BENEFICIARIES.

Latest version.

"Beneficiary" means any person, except a corporation, designated by a member, or a retired member, to receive a benefit payable on account of the death of a member or a retired member. A member or retired member may also name the member's estate or trust as a beneficiary for any lump sum death benefits. If there is no effective beneficiary designation the benefit shall be paid to the estate of the member.
(Amended by Ord. 296-83, App. 5/27/83; Ord. 326-00, File No. 001921, App. 12/28/2000)

                    
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