where any employee’s membership terminates due to his retirement as specified in the fund’s article or his resignation at the age of no less than 55 years old, if such employee declares his intention to

fund’s article or his resignation at the age of no less than 55 years old, if such employee declares his intention to receive installment payments from the fund, the fund manager shall make such payments

less than 55 years old, if such employee declares his intention to receive installment payments from the fund, the fund manager shall make such payments from the fund as intended by the employee who