14 



Right to 



designate 



beneficiary 



§ 21. Any subscribing employee may designate a per- 

 son or persons, absolutely or contingently, as his or her 

 beneficiary or beneficiaries for the purposes specified in 

 these rules. Any such designation may be revoked 

 at any time by the subscriber and a new beneficiary 

 may be substituted. But no such designation or revoca- 

 tion thereof shall be valid, unless made by a written in- 

 strument, in a form approved by the Pension Board, 

 and filed with the Pension Board during the lifetime 

 of the subscriber. 



Benefi- § 22. The right of a beneficiary designated pursuant 



ciary's to these rules to receive a gratuity shall not be assign- 

 right to gr a- a ]3] e or bequeathable, and any attempted assignment 

 assignable or be( l uest thereof shall be void and shall be disre- 

 garded by the Corporation and the Pension Board. 



Compnting 

 seryice 



§ 23. For the purpose of ascertaining the term of 

 past service of any person who shall be in the perma- 

 nent service of the Corporation when these rules take 

 effect and who shall become a subscribing employee, 

 the entire period prior to that date during which such 

 person received pay from the Corporation, but after, 

 in the case of a male employee, he had attained the age 

 of twenty-one years, or, of a female, the age of eighteen 

 years, shall be taken into consideration. As applied 

 to the period after these rules take effect, the words 

 continuous service, or other similar words, as used in 

 these rules, shall be construed as meaning that period 

 for which, after becoming a subscriber, and after the 

 age of twenty-one years in the case of males, and of 

 eighteen years in the case of females, a subscribing 

 employee shall have remained in the service of the 

 Corporation, and shall have paid his or her contribu- 

 tions to said Pension Fund without a greater continu- 

 ous break in his or her service than one year, and 

 provided that, upon returning to the service after any 

 such break in the continuity thereof, the said subscriber 



