§ 2.124.910 — Optional allowances

2.124.910 Optional allowances.

At the date of retirement for service or retirement for disability: A. If a member of this plan has no spouse, children or dependent parents who would qualify for the continuance of an allowance after the death of such member, the member may elect before the first payment of the retirement allowance is made to receive the actuarial equivalent of his or her allowance, partly in a lesser allowance to be received by him or her throughout his or her life and partly in other benefits payable after his or her death to another person; or B. If a member of this plan has a spouse or children or dependent parents who would qualify for the continuance of an allowance after the death of such member, the member may elect before the first payment of the retirement allowance is made to receive the actuarial equivalent of that portion of his or her allowance which would not be continued to his or her eligible survivors upon his or her death, partly in a lesser allowance to be received by him or her throughout his or her life and partly in other benefits payable after his or her death to another person or persons, including one or more of his or her eligible survivors. An election under this section shall be subject to all the conditions prescribed by ordinance to govern similar elections by other members of the retirement system, including the character and amount of such other benefits. (Prior code § 34.05.540)