Ch. 571                                       LAWS OF MARYLAND

OPTION 5. UPON THE BENEFICIARY'S DEATH, THE REDUCED
RETIREMENT ALLOWANCE SHALL BE CONTINUED THROUGHOUT THE LIFE OF
AND PAID TO THE PERSON THE BENEFICIARY NOMINATED BY WRITTEN
DESIGNATION, DULY ACKNOWLEDGED AND FILED WITH THE BOARD OF
TRUSTEES AT THE TIME OF THE RETIREMENT. HOWEVER, IF THE PERSON
SO DESIGNATED PREDECEASES THE BENEFICIARY, THEN FROM THE DATE OF
DEATH OF THAT DESIGNATED PERSON, THE BENEFICIARY SHALL RECEIVE
THE ALLOWANCE AS IF NO OPTIONAL FORM OF PAYMENT WAS ELECTED AT
THE TIME OF RETIREMENT; OR

OPTION 6. UPON THE BENEFICIARY'S DEATH, ONE HALF OF THE
REDUCED ALLOWANCE SHALL BE CONTINUED THROUGHOUT THE LIFE OF AND
PAID TO THE PERSON THE BENEFICIARY NOMINATED BY WRITTEN
DESIGNATION, DULY ACKNOWLEDGED AND FILED WITH THE BOARD OF
TRUSTEES AT THE TIME OF THE RETIREMENT. HOWEVER, IF THE PERSON
SO DESIGNATED PREDECEASES THE BENEFICIARY, THEN FROM THE DATE OF
DEATH OF THAT DESIGNATED PERSON, THE BENEFICIARY SHALL RECEIVE
THE ALLOWANCE AS IF NO OPTIONAL FORM OF PAYMENT WAS ELECTED AT
THE TIME OF RETIREMENT.

86.

(8) (a) In lieu of the disability or service allowances
payable under the aforesaid provisions, any member may, prior to
the first retirement allowance payment normally due, elect a
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. Should a member die prior to the
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 his election had not been filed. 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 his allowance becomes normally due.

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 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 allowance shall be continued throughout the life of
and paid to such person as he shall nominate by written

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