Section 360-C. Death benefit for vested members who die prior to retirement

a. A death benefit plus the reserve-for-increased-take-home-pay shall be
  payable upon the death of a member who:
    1.  Died before the effective date of retirement while a member of the
  retirement system;
    2. Had at least ten years of credited service at the  time  of  death;
  and
    3.  Died  at  a  time  and  in  a  manner  which did not result in the
  eligibility of the member's estate or any  beneficiary  to  receive  any
  other retirement system death benefits on account of such death.
    b.  Benefits  provided  under  this  section  shall  be payable to the
  member's estate or the beneficiary or  beneficiaries  nominated  by  the
  member  on  a designation of beneficiary form filed with the comptroller
  pursuant to section sixty of this chapter, who would have been  eligible
  to  receive  benefits  if  benefits  had become payable pursuant to such
  section.
    c. The amount of the benefit payable pursuant to this section shall be
  equal to one-half of the amount of  the  ordinary  death  benefit  which
  would  have  been  payable pursuant to section sixty of this chapter had
  the member's death occurred on  the  last  day  of  service  upon  which
  membership was based.