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compensation finally awarded under tb~t Act has elapsed, such per- son or ~ersor~ shall thereafter receive the full amo~unt of the benefit payable as provided Ln that subsection. Sec. 26-85. Death benefits ~fter re~iren~.en~ or disability. (a) Should a member ~ao ret~fred prior to July 1, 1967, die at any tLme after ret~_~ement, but before receiving total retiremen~ allo~nces provided for in this c.hapter ay least equal to ~is accu- mulated contributions as of his date of retirement, the difference between such accumulated contributior~ and such total allowances shall then be payable in a lun~ sram in accordance ~th Section 26a87, ~nless the retirement allows_rice is then bei.~g paid in accordance wdth any of the options containe~ in Section 26-86, as in effect at h~s date of retirement. (b) Should a member who bad one or more years' of creditgole service die after te~dr~tion of service but before b~s normal retire- ment date, provided, the'member has been continuously disabled from the date of termination of se~ice ~o date of death ~d such disability has been such as ~would q~alify the me~.~er for disability retirmment in accordance ~.~ith section 26-78 without regard to any creditable service re~quirements or actual retirement tlnere~mnder, mud provided fum~her, that written notification of such disability is given to the board by the member, his appointing authority or such person or per- sons entitled ~Jo such death benefits in acco~m..ce mdth section 26-87, not later than one year after such te~r~tion of service, ~n addi- tional benefW-t equal to one thousand dollars shall be payable in a 1~ smm in accordmnce ~ith section 26-87. Sec. 26-86. 0ptior~l benefits. (a) Each mam~0er ~to retires ~rom se~ice ~nder s~ny of the pro~sions of Section 26-76 sb~ll have the rig~nt at any tLm~, not subsequent to the laver of the effective date of the mamber~s retirement or the date of the written notification to the board of the retirement of the member, to elect to inave his retire~n~ allows_rice payable under s~ny one of the ootioDm set ~orth in this section in lieu of the ret~'--.~ement allow~_nc$ othe~ise payable to hLm render section 26-77. Each memDer wto retires on ordinary disability retirement ~muder section 26-78 and who reaches nor~,~l retirement age sbmtl b~ve the rig~ht ay ~ny tLme prior to his nor~.~l retirement date to elect 5o have his retirement allov~m~nce after his no~w~l ret~--~ement date payable ~nder any one of the options set forth in this section in lieu of the ret~ement allo%~nce otherwise payable to b~m under subsection (c) of section 26-79. The enro,~unt of any such optior~l retiremenv al!o~ce shall be the actuarial equivalent of the amount of such retirement allowance other- wise payable to b~Zm. l~ne ~£oer sb~II ~d~e such an election by written request to the boated and such an. election sb~]] be s ~ubject to the approval of the board. ~'