The form of benefit payment to the participant shall be a pension payable in monthly installments for the life of the participant, the first payment to be made on the first day of the month coincident with or next following the participant's normal retirement date or, if applicable, late retirement date and the last payment to be made for the month in which the participant's death occurs. After the participant's death, a pension payable in monthly installments shall be paid to the participant's surviving spouse, if any, in accordance with the provisions of section 102-291. (Ord. No. 2001-70, § 8, 11-19-2001)