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Session Laws, 1960
Volume 641, Page 27   View pdf image (33K)
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J. MILLARD TAWES, GOVERNOR 27

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 retirement
allowance shall be continued throughout the life of and paid to such
person as he shall nominate by written designation duly acknowl-
edged and filed with the board of trustees at the time of his retire-
ment; or

Option 4. Some other benefit or benefits shall be paid either to
the member or to such person or persons as he shall nominate, pro-
vided such other benefit or benefits, together with the reduced re-
tirement allowance, shall be certified by the actuary to be of equiva-
lent actuarial value to his retirement allowance, and shall be ap-
proved by the board of trustees.

(b) Notwithstanding anything to the contrary in this sub-section
or elsewhere in this Article, [the provisions of this paragraph apply
to any member who meets the qualifications necessary to request
service retirement benefits but who elects to continue as a member in
service under either Option 2 or Option 3 above, from and after the
time he makes that election. When such a member decides to retire,
in his discretion he may elect another option, using the procedure
described in paragraph (a). If such a member dies while in service,
the beneficiary-spouse (but not any other beneficiary) shall receive
benefits under either Option 2 or Option 3 as if the member had
retired before death. ] whenever any member who is eligible for serv-
ice retirement under the provisions of Section 11 (1) (a) of this Article
dies in service, without having nominated by written designation a
beneficiary other than his spouse, leaving a surviving spouse to whom
he had been married for at least five years, and with whom he was
living as husband or wife on the date of his death, said spouse shall
be entitled to a retirement allowance equal to that which would
have been paid to the surviving spouse under Option 2 of this Sub-
section (11), had the member elected Option 2 in favor of his spouse
and retired thirty days before his death; provided, however, that
if such spouse is the person nominated by the member to receive
any benefit under Section 11 (9) of this Article, he may, by written
notice filed with the board of trustees prior to the commencement of
such retirement allowance but not more than 60 days after the
death of such member, elect to receive a benefit under the provisions
of Section 11 (9) in lieu of such retirement allowance.

SEC. 3. And be it further enacted, That this Act shall take effect
on June 1, 1960.

Approved March 2, 1960.

CHAPTER 14
(Senate Bill 16)

AN ACT to repeal and re-enact, with amendments, Sections 113(6)
and 113(8) of Article 77 of the Annotated Code of Maryland

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.

CAPITALS indicate amendments to bill.

Strike out indicates matter stricken out of bill.


 

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Session Laws, 1960
Volume 641, Page 27   View pdf image (33K)
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