Any person who is eligible to receive the increased pension under the provisions of
this act may, at any time, waive his right thereto by filing a written notice of waiver
with the secretary of the retirement system. The application for the waiver of all or part of the increase shall be made by the
retirant at least 30 days prior to the desired effective date on a form satisfactory
to the retirement system and shall be effective on the first day of the following
month. Such waiver may be withdrawn at any time and upon such withdrawal the increase in
the pension shall commence with the pension payment for the next following month.
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