Any person who is eligible to receive the increased retirement allowance, pension
or survivorship benefit under the provisions of this act may, at any time, waive that
right by filing a written notice of waiver with the retirement system. The application for the waiver of all or part of the increase shall be made by the
retirant or beneficiary 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 Such waiver may be withdrawn at any time and upon such withdrawal the increase in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 retirement allowance, pension or survivorship benefit shall commence with the
payment for the next following month.
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