HARRY HUGHES, Governor

1595

Option 1. If he dies before 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 the person he has most
recently nominated 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 the person as he has nominated 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 the person he has nominated 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 the person or persons he has
nominated, provided the 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.

Article 88B - State Police

53.

(11) In lieu of the disability or service allowances
payable under the aforesaid provisions, a member who at the
time of retirement does not have a spouse who would be
entitled to a benefit under § 53 (2) (c) or § 53 (4) (c) or
§53 (6) (c) may, prior to the first retirement allowance
payment normally due, elect a reduced retirement 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. If a member dies prior to the
[expiration of 30 days after the date of the filing of the
election or prior to 30 days after] EFFECTIVE DATE OF
retirement, the election shall be void and of no effect, and
the benefits payable on his account shall be the same as
though the election had not been filed and the member 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 the allowance becomes normally due.

(1) If the member dies before receiving in
payments the present value of his or her retirement
allowance as it was at the time of retirement, the balance
shall be paid to his or her legal representatives or to such
person nominated by the member's written designation duly
acknowledged and filed with the board of trustees; or