Section 23-403 - Retirement after termination of membership.
§ 23-403. Retirement after termination of membership.
(a) Scope of section.- This section applies to a former member who:
(1) was eligible for a retirement allowance under § 23-401 or § 23-402 of this subtitle when the former member's membership terminated;
(2) did not submit a written application under § 23-401 or § 23-402 of this subtitle before membership terminated; and
(3) has not withdrawn the former member's accumulated contributions, if any.
(b) Application for retirement; retroactive payments prohibited.-
(1) A former member described in subsection (a) of this section may retire with a retirement allowance under § 23-401 or § 23-402 of this subtitle on the first day of the month after the Board of Trustees receives a written application for retirement from the former member.
(2) A former member who retires under this section may not receive benefits for the period before the former member submitted a completed application for retirement to the Board of Trustees.
[An. Code 1957, art. 73B, §§ 4-403, 5-403; 1994, ch. 6, § 2.]