Is one option better than the other?

Whether or not to cease contributing is an individual choice based on our own circumstances, you should consider how much pension you have built up to date and how that would grow when compared to earning another year of pensionable service in the Fund. You should also consider how you expect your salary to grow between now and retirement as that would impact the growth of your pension were you to decide to continue to contribute to the Fund. You should consider seeking independent financial advice.