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.

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.

Article 88B - State Police

53.

(m) 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(b)(2) or § 53(d)(3) or § 53(f)(3) 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
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. 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] BENEFICIARY 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] BENEFICIARY'S written designation, duly
acknowledged and filed with the board of trustees; or

(2)  Upon the [member's] BENEFICIARY'S death, the
reduced retirement allowance shall be continued throughout the
life of and paid to such person nominated by written designation,
duly acknowledged and filed with the board of trustees at the
time of retirement; or

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