§ 62-90. Terminal payments.

If a retirant or his beneficiary dies before they receive an aggregate amount equal to his accumulated contributions standing to his credit in the annuity savings fund at the time of his retirement, the difference between such accumulated contributions and the retirement allowance paid him and his beneficiary shall be paid 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 retirant, the difference, if any, shall be paid to the retirant's legal representative. No benefit shall be paid under this section on account of the death of a retirant if he elected Option I provided in section 62-92.

(Code 1971, § 24-50)