§ 114-83. Manner of payment.  


Latest version.
  • Any amount payable hereunder, whether on account of retirement, disability or otherwise, shall be paid by means of electronic funds transfer from the system to an account designated by a member, annuitant, beneficiary or other person for such purpose, unless such member, annuitant, beneficiary or person establishes to the satisfaction of the trustees that such method of payment would result in substantial hardship or unintended expense.

(M.C.S., Ord. No. 26460, § 2, 6-18-15)