Sec. 4.2008. Survivorship Benefits for All Tier 5 Members, Except Former Tier 2 Members Who Transferred to Tier 5.

vided for in Section 4.2006, shall have the right to cancel any option previously elected by the Member pursuant to the provisions of this subsection. The Board shall by rule provide for a method in which the election to receive an optional pension shall be exercised. (c) Additional Pension Amounts. Whenever any Tier 5 Plan Member or Retired Tier 5 Plan Member shall die and leave surviving the Member, in addition to a Qualified Surviving Spouse or Qualified Domestic Partner (either being a Qualified Survivor for the purposes of this subsection), a Minor Child or Children or a Dependent Child or Children of the deceased member and the Qualified Survivor, then such Qualified Survivor shall be paid an additional monthly pension in an amount which shall be equal to 25% of the pension the Qualified Survivor would be entitled to pursuant to the provisions of subsection (a) of this section while there is one Minor Child or Dependent Child, 40% while there are two Minor Children or Dependent Children or a combination thereof, and 50% while there are three or more Minor Children or Dependent Children or a combination, and such additional monthly pension shall be the exclusive property of such Qualified Survivor and not the property of any such Minor Child or Dependent Child. Whenever any Plan Member or Retired Plan Member shall die and leave surviving the Member in addition to a Qualified Survivor, a Minor Child or Children or a Dependent Child or Children who are not the child or children on the Qualified Survivor, then the guardian or guardians of the estate or estates of any such Minor Child or Children or Dependent Child or Children shall be paid a monthly pension in an amount which shall be equal to 25% of the pension the Qualified Survivor would be entitled to pursuant to the provisions of subsection (a) of this section while there is one Minor Child or Dependent Child, 40% while there are two Minor Children or Dependent Children or a combination, and 50% while there are three or more Minor Children or Dependent Children or a combination.