Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding any general or special law to the contrary, the Salem Firemen's Relief Association, a corporation duly established under the laws of the commonwealth, is hereby authorized to make, to any member in good standing at the time of said members regular or disability retirement, at the members option, a one time lump sum payment of money, equal to the death benefit in effect at that time.
Any member who accepts the option to receive such payment, in lieu of the death benefit, shall cease to be a member of the association, as of the date of such payment.
Said member shall make application for such payment within sixty days of said members official retirement date.
Presently retired members shall have the option to make such application within sixty days of the effective date of this act.