RSA 102:16 Optional Retirement Benefits.

Until the first payment on account of a retirement allowance becomes normally due, any member may elect to convert the retirement allowance otherwise payable on his account under RSA 102:15, 17 and 18 into a retirement allowance of equivalent actuarial value under one of the optional forms named below; provided, however, that no election of an optional benefit shall become effective until 60 days after the date of filing of the election thereof with the retirement board, and if the member dies before such election becomes effective, the optional benefits elected shall become effective as of the date of death of the member.
I.
Option 1. A reduced retirement allowance payable during the retired member's life, with the provision that it shall continue after his death for t