§ 22-9. Waiver of benefits.  


Latest version.
  • Any member or beneficiary of the Richmond Retirement System, who is not currently in pay status, may, by a waiver signed by such member or beneficiary and filed with the Board and approved by it, decline to accept any part or all of the benefits to which the member or beneficiary is entitled under this article. Such waiver may be revoked at any time by a written revocation filed with the Board, but no payment of the waived benefits shall be made covering the period during which such waiver was in effect. Any such waiver or revocation of waiver shall become effective on the first day of the month following the date of the meeting of the Board at which such waiver or revocation of waiver is approved. Any member or beneficiary in pay status may not waive benefits.

    (Code 1993, § 23.1-9; Code 2004, § 78-9)

(Code 1993, § 23.1-9; Code 2004, § 78-9)