592 LAWS OF MARYLAND. [CH. 377

OPTIONAL ALLOWANCES.

(10) In lieu of the disability or service allowances payable
under the aforesaid provisions, any member may, prior to the
first retirement allowance payment normally due, elect a re-
tirement allowance of equivalent actuarial value in one of the
optional forms set out below. The election of the option shall
be made on a form provided for that purpose and shall be filed
with the Board of Trustees. Should a member die prior to
the expiration of thirty days after the date of the filing of such
election or prior to thirty days after retirement, such election
shall be void and of no effect, and the benefits payable on his
account shall be the same as though his election had not been
filed and he had died in active service. A member who has
elected an optional benefit may change such election by due
notice to the Board of Trustees, but no change may be made
after the first payment of his allowance becomes normally due.

Option 1. If the member dies before he has received in
annuity payments the present value of Ms annuity as it was
at the time of his retirement, the balance shall be paid to such
person, if any, as he shall nominate by written designation
duly acknowledged and filed with the Board of Trustees, other-
wise to his estate; or

Option 2. Upon his death, his reduced retirement allow-
ance shall be continued throughout the life of and paid to such
person as he shall nominate by written designation duly
acknowledged and filed with the Board of Trustees at the time
-of his retirement; or

Option 3. Upon his death, one half of his reduced retire-
ment allowance shall be continued throughout the life of and
paid to such person as he shall nominate by written designa-
tion duly acknowledged and filed with the Board of Trustees
at the time of his retirement; or

Option 4. Some other benefit or benefits shall be paid either
to the member or to such person or persons as he shall nomi-
nate, provided such other benefit or benefits, together with the
reduced retirement allowance, shall be certified by the actuary
to be of equivalent actuarial value to his retirement allowance,
and shall be approved by the Board of Trustees.

PENSIONS OFFSET BY COMPENSATION BENEFITS.

(11) Any amounts which may be paid or payable by the
State of Maryland under the provisions of any workmen's
compensation or similar law to a member or to the dependents
of a member on account of any disability shall be offset
against and payable in lieu of any benefits payable out of funds
provided by the State under the provisions of this Article on
account of the same disability. In case the present value of