235 - Exemptions.

§  235.  Exemptions.  Any  employee who is receiving or is entitled to  receive old-age  insurance  benefits  under  title  two  of  the  social  security  act,  shall  be  exempt from this article upon filing with the  chairman and his employer a statement, in  such  form  as  the  chairman  shall  prescribe,  waiving  any  and  all  benefits  under this article.  Thereafter  such  employee  shall  be  exempt  from  any  liability   to  contribute  toward  the cost of such benefits, and his employer shall be  relieved of responsibility to provide for the payment of any benefits to  such employee under this article.