Anne Arundel County                             2561

(c) The county may change the index to be used in adjusting the
pension payments and to determine the method of conveying previous
adjustments to the new index. (Bill No. 54-68, Sec. 1.)

Section 14-306

(a) Election. [In lieu of having his pension payable under the
normal annuity form and provided an election under subsection (e) (3)
of section 14-303 has not been made, a participant] If the participant
at the time of his retirement does not have an eligible lawful spouse or
child or children under eighteen (18) years of age, he may elect to receive
pension benefits of actuarially equivalent value under the contingent an-
nuitant option by filing written notice thereof with the personnel officer
prior to his early retirement date or normal retirement date, whichever
first occurs. If the election of this optional form is in effect on the
participant's early retirement date or normal retirement date, whichever
first occurs, the participant will receive a reduced amount of pension
benefits during his lifetime and following his death a pension benefit will
be continued and paid for life to his [wife or other named] contingent
annuitant, if surviving, in the same reduced amount (or sixty-six and
two-thirds per cent of fifty per cent thereof if so specified in the election);
provided, however, that if the participant should die during the five year
period immediately following his date of retirement any pension payments
which become payable to the contingent annuitant during the balance of
the five year period will be in the same yearly amount as the pension
payments which were payable to the participant. The election of the
contingent annuitant option shall be subject to the following terms and
provisions in the event of the death of either the participant or his
contingent annuitant:

(1)    If the participant or contingent annuitant dies before the ear-
lier of the participant's early retirement date or normal retirement date,
the option shall be void.

(2)    If the contingent annuitant dies on or after the participant's
normal retirement date, but before the day he actually retires, the pension
payable to the participant upon his actual retirement shall be in the
same amount as it would have been if the contingent annuitant option
had not been elected.

[(3) If, upon the death of the contingent annuitant who was
receiving payments under this option there is a surviving unmarried child
or children under the age of eighteen years, payments in the same amount
which had been payable to the contingent annuitant will become payable
to such child or children commencing with the first day of the month
following the contingent annuitant's death. Such payments will be payable
to such children as a group, each such child becoming ineligible to receive
any part of the payment upon attaining his eighteenth birthday or upon
marriage, whichever first occurs. As of the date all the participant's
unmarried children attain their eighteenth birthday, no further benefits
will be payable. The provisions of this subparagraph (3) shall not be
considered in determining the actuarial equivalent value of the pension
benefits payable to the participant or his contingent annuitant.]

Section 14-308

(a) Death benefits before retirement. If a participant's death
occurs:

(1) Prior to his date of retirement, or