Sec. 11-250. - Payment of benefits in monthly installments.

Any service retirement annuity, disability annuity, survivors' annuity or any other annuity provided in this article shall be payable in equal monthly installments as life annuities. The first payment of any such annuity shall be made for the fraction of the month elapsing until the end of the first month, and the last payment shall be made as of the end of the month in which death occurs.

(Rev. Ords. 1987, § 11-251)