1406 LAWS OF MARYLAND Ch. 361
(i) There shall be paid to the surviving
spouse, if he leaves a surviving spouse, one half of his
retirement allowance; or
(ii) If there is no eligible surviving spouse,
or if an eligible surviving spouse dies before the youngest child
of the deceased member shall have attained the age of eighteen,
then one half of the deceased member's retirement allowance shall
be paid to his child or children, under said age, divided in such
manner as the board in its discretion shall determine, to
continue as a joint and survivorship pension for the benefit of
the child or children under said age until every child dies or
attains said age.
(iii) The provisions of this subsection shall
be applicable to members who retired on ordinary disability on
and after July 1, 1972.
(4) IN THE EVENT ANY APPLICATION FOR DISABILITY
RETIREMENT ON BEHALF OF A STATE POLICE OFFICER UNDER SECTION
15(B)(16) OF THIS ARTICLE IS APPROVED BY THE BOARD OF TRUSTEES
FOR MARYLAND STATE RETIREMENT AND PENSION SYSTEMS, THE OFFICER
SHALL HAVE 90 DAYS IN WHICH TO EXERCISE ANY OPTION GRANTED UNDER
THIS ARTICLE OR THE MAXIMUM BENEFIT OPTION SHALL BE EXERCISED ON
BEHALF OF THE OFFICER.
(f) Upon retirement for special disability a member shall
receive a service retirement allowance if he or she has attained
the age of 50; otherwise he or she shall receive a special
disability retirement allowance which shall consist of:
(1) An annuity which shall be the actuarial
equivalent of his or her accumulated contributions at the time of
retirement; and
(2) A pension of sixty-six and two-thirds percent of
his or her average final compensation, but in no event shall his
or her total special disability retirement allowance exceed his
or her average final compensation.
(3) Upon the death of a member retired on a special
disability retirement allowance, one half of the allowance
calculated above shall be continued to the member's surviving
spouse. If there is no surviving spouse or if the surviving
spouse dies before the youngest child of the deceased retired
member has attained the age of 18, then to the child or children
under 18 if he or she leaves children, divided in such a manner
as the board in its discretion determines to continue, as a joint
and survivorship pension for the benefit of the child or children
under 18 until every child dies or attains the age of 18.
(4) IN THE EVENT ANY APPLICATION FOR DISABILITY
RETIREMENT ON BEHALF OF A STATE POLICE OFFICER UNDER SECTION
15(B)(16) OF THIS ARTICLE IS APPROVED BY THE BOARD OF TRUSTEES
FOR MARYLAND STATE RETIREMENT AND PENSION SYSTEMS, THE OFFICER
|