(a) Upon separation from all service for the employer, a participant may apply for a retirement benefit, provided the retirement date is no earlier than the date on which the participant attains the normal retirement age. The retirement benefit is a distribution of the balance of the participant’s account as of the first valuation date immediately following the date of the application.
(b) Application for a retirement benefit shall be made on an application form prescribed by the board.
(c) The employer shall certify on a form prescribed by the board that the participant’s employment has terminated.
(Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.)
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