Except for a retiree who elects an optional form of an allowance under §§ 21- 401 and 21-402 of this article, payment of an allowance ends and further rights may not arise from service as a member if: (1) a member, former member, or retiree dies; and (2) (i) the member, former member, or retiree leaves no surviving spouse or children who are under the age of 26 years or are disabled; (ii) the surviving spouse dies and there are no children of the member, former member, or retiree, who are under the age of 26 years or are disabled; or (iii) the last of any children who are under the age of 26 years and are not disabled becomes 26 years old or dies before becoming 26 years old.
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