any other provisions regarding the calculation of allowances,
the minimum allowance payable shall not be less than $192
annually for each year of contributory service for those
whose allowances are effective on or after July 1, 1993.
The minimum for those allowances effective prior to July
1, 1993 is $96 annually for each year of contributory
service. If the allowance does not exceed 2% of the year's
maximum pensionable earnings in effect in the year in
which the entitlement to the allowance occurs the Commission
will pay the commuted value of the allowance to the member
in lieu of the allowance.