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(i) Pop she benefit of the then memOers nov yet retired so the extent of ~aeir acc-~,~rdiated con£ributions~ if a~ay~ if &ny £~mnds rem~in~ then (2) Per the benefit of the retired members and tlne then bene- ficiaries entitled to receive bcnefivs here~nder s~n_d bene- ficiaries already'designated ~m_..ier she joint a~m~d last survivor option provided for in this article by the thcn retired members ~ to the exvent of the then actuarial value of their allowances° if &ny flu~s reFsin~ shen (3) For the benefit of memfoers nov then retired and beneficiaries~ Sf ~ny~. designsZed by such me~sers render the joint a_ed last s~k~ivor opsion provided for in this artic!e~ to the extent~ nov provided under paragsa~h (i) goove~ of the then actz~s_nia! value of their accrueci retirem, erfs ailows~ces~ based on yea_~s of erectable seF~ice s~d average final co~.~er, sation as of the date of reoeal Yhe allocation smder tb~s p~agraph (3) sbmlt be on the basis of the oldest ages first method. in the evens the assess as such date of repeal ea~e in- sufficient ~o erevide all of the benefits of psPa~aph (!) or (2) above or both~ then the e~ployer ~'d_ll contribute ye the assess from t~ ye t%me~ as and v~nen required.~ the necessary to mmke up such insufficiency. (d) ~ae allocation of assets of the system provided for in sub-~ section (c) of t½is section shall be c~ied out tbmou~.a the pa}~env by the board of the benefits orovided for in ibis section as they become due~ or by the transfer of such assess to s_n-y retirement systes replacing ibis system~ provided~ that such vesting of benefits as ~rovided by this .section shall be P~ly m~.ntained uP~d. er such new re- tirement system. ~amy~ P~Yds remainSPg r_o the assets of tM_s system after all of the yes-sod benefits pro~ided bp this section have bee'~ paid sb~!! reverb to the ~eneral fumd, (e) ~?y allocation of asseus ~ade in accordance ~lth the ore- visions of this section shall be fimai ~nd binding on all perseus en- titled to benefits ma~er such provisions_ Sec. 26-64. Persons coFi~osiN~ meP£oersP~p, ..le._o~s~o in the s?stem as of any date after June 30~ t967: s..a±l consist of all then emoioyees except those %,~o brad att~i~ned tbei~r ~o~i retirement date at date of e_vp!oN~ent~ and all former e~loyees ~,.?no were at e~ny t~me me~ers of the sys-cem sP.,.d whose msm?oershiE ~_n the sysvam b~d not then termir~ted ~under the provisions hereof~