Reduced benefit. Upon the death of the retired member, 100% of the retired member’s monthly allowance shall be continued throughout the life of and paid to the designated beneficiary. No changes may be made to the designated beneficiary after payment of the member’s first retirement allowance. If the beneficiary predeceases the retired member, no benefits will be payable after the retired member’s death.
Appears in 6 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Reduced benefit. Upon the death of the retired member, 10050% of the retired member’s monthly allowance shall be continued throughout the life of and paid to the designated beneficiary. No changes may be made to the designated beneficiary after payment of the member’s first retirement allowance. If the beneficiary predeceases the retired member, no benefits will be payable after the retired member’s death.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Reduced benefit. Upon the death of the retired member, 100% Allows any portion of the retired member’s monthly allowance shall allowance, the amount to be continued determined by the retired member, to continue throughout the life of and paid to the designated beneficiary. No changes may be made to the designated beneficiary after payment of the member’s first retirement allowance. If the beneficiary predeceases the retired member, no benefits will be payable after the retired member’s death.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Reduced benefit. Upon the death of the retired member, 10050% of the retired member’s monthly allowance shall be continued throughout the life of and paid to the designated beneficiary. No changes may be made to the designated beneficiary after payment of the member’s first retirement allowance. If the beneficiary predeceases the retired member, no benefits will be payable after the retired member’s death.retirement
Appears in 1 contract
Samples: Memorandum of Understanding