Monthly benefits payable to a spouse in the event of the death of a member before
retirement or a retiree after retirement shall be divided and paid to or for the benefit
of any dependent children of the deceased member or retiree in an amount equal to
ten percent (10%) of the annual benefit payable to one (1) dependent child, twenty
percent (20%) for two (2) dependent children, and thirty percent (30%) to three (3)
or more dependent children. If there are more than three (3) dependent children, upon a child ceasing to be
a dependent, his annuity shall terminate and there shall be a redetermination of the
amounts payable to any remaining dependent children. Such benefits shall be paid to a surviving parent or lawful custodian of such children
for the use and benefit of the children without the necessity of appointment of guardian. The remaining amount shall be paid to the spouse as otherwise provided.
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