4105
ANNE ARUNDEL COUNTY

BASIC COMPENSATION RECEIVED FROM SAID EMPLOYMENT.
SECTION 1-270. SOCIAL SECURITY OPTION.

IN ORDER TO PROVIDE A UNIFORM TOTAL INCOME, AN
EMPLOYEE WHOSE PENSION PAYMENTS COMMENCE PRIOR TO RECEIPT
OF SOCIAL SECURITY BENEFITS MAY, BY WRITTEN APPLICATION
FILED WITH THE PERSONNEL OFFICER, ELECT TO RECEIVE AN
ACTUARIAL EQUIVALENT BENEFIT OF LARGER PENSION PAYMENTS
UNDER THIS ARTICLE UNTIL SOCIAL SECURITY BENEFITS
COMMENCE, AND SMALLER PENSION PAYMENTS THEREAFTER.

SECTION 1-271. CONTINGENT ANNUITANT OPTION.

(A)    IN LIEU OF HAVING HIS PENSION PAYABLE UNDER
THE NORMAL ANNUITY FORM, A PARTICIPANT MAY ELECT TO
RECEIVE PENSION BENEFITS OF ACTUARIALLY EQUIVALENT VALUE
UNDER THE CONTINGENT ANNUITANT 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 SAID OPTIONAL
FORM IS IN EFFECT ON THE PARTICIPANT'S EARLY RETIREMENT
DATE OR NORMAL RETIREMENT DATE, WHICHEVER FIRST OCCURS,
THE PARTICIPANT SHALL RECEIVE A REDUCED AMOUNT OF PENSION
BENEFIT DURING HIS LIFETIME. AFTER DEATH, A PENSION
BENEFIT SHALL BE CONTINUED AND PAID FOR THE LIFE TO THE
REMAINING SPOUSE OR OTHER NAMED CONTINGENT ANNUITANT, IF
SURVIVING, IN THE SAME REDUCED AMOUNT AS SPECIFIED IN THE
ELECTION. THE ELECTION OF THE CONTINGENT ANNUITANT
OPTION SHALL BE SUBJECT TO THE FOLLOWING TERMS AND
PROVISIONS IN THE EVENT OF THE DEATH OF THE PARTICIPANT
OR HIS CONTINGENT ANNUITANT:

(1)    IF THE     PARTICIPANT OR CONTINGENT ANNUITANT
DIES BEFORE THE     EARLIER 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.

(B)    THE ELECTION OF THE CONTINGENT ANNUITANT
OPTION SHALL BE MADE ON A FORM FURNISHED BY THE PERSONNEL
OFFICER AND SHALL BE SUBJECT TO SUBMISSION OF EVIDENCE OF
THE PARTICIPANT'S GOOD HEALTH SATISFACTORY TO THE COUNTY
IF MADE WITHIN TWO (2) YEARS OF THE PARTICIPANT'S EARLY
RETIREMENT DATE OR NORMAL RETIREMENT DATE, WHICHEVER
FIRST OCCURS. IF AN ELECTION OF AN OPTIONAL FORM OF
ANNUITY IS IN EFFECT WHEN THE PARTICIPANT BECOMES
ENTITLED TO RECEIVE AN EARLY RETIREMENT PENSION IN