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Session Laws, 1961
Volume 654, Page 1180   View pdf image (33K)
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1180                             Laws of Maryland                       [Ch. 685

Option 1. [If the member dies before he has received in annuity
payments the present value of his 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, otherwise to his estate; or] If he dies be-
fore he has received in payments the present value of his retirement
allowance as it was at the time of his retirement, the balance shall
be paid to his legal representatives or to such person as he shall
nominate by written designation duly acknowledged and filed with
the board of trustees; or

Option 2. Upon his death, his reduced retirement allowance 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 retirement al-
lowance 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 4. Some other benefit or benefits shall be paid either to the
member or to such person or persons as he shall nominate, provided
such other benefit or benefits, together with the reduced retirement
allowance, shall be certified by the actuary to be of equivalent ac-
tuarial value to his retirement allowance, and shall be approved by
the board of trustees.] 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 re-
duced 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.

(B) NOTWITHSTANDING ANYTHING TO THE CONTRARY
IN THIS SUB-SECTION OR ELSEWHERE IN THIS ARTICLE,
WHENEVER ANY MEMBER WHO IS ELIGIBLE FOR SERVICE
RETIREMENT UNDER THE PROVISIONS OF SECTION 11
(1) (A) OF THIS ARTICLE DIES IN SERVICE, WITHOUT HAV-
ING NOMINATED BY WRITTEN DESIGNATION A BENE-
FICIARY 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 HUS-
BAND 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 SUBSEC-
TION (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.

 

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Session Laws, 1961
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