(b)

1. (1) If eligible, an active or inactive member who attains age sixty (60) and has five (5) or more years of actual and reciprocal service credit may voluntarily retire by filing a written application with the system.
2. (2) If eligible, an active or inactive member who has not reached age sixty (60) and has twenty-five (25) or more years of actual and reciprocal service credit, including purchased or free credited service, may voluntarily retire by filing a written application with the system.

(c)

1. (1) In order for a retirement application to be timely filed, there is a three-month window to apply for retirement benefits.

2. (2) An active member who is currently employed by a covered employer shall file his or her retirement application:

   1. (A) No sooner than four (4) months before the active member’s effective retirement date; and
   2. (B) No later than one (1) month before the active member’s effective retirement date.

(d) The system’s procedure for handling a retirement application received by the system from a member shall include the following:

1. (1) If a retirement application is received by the system before the three-month window begins for the member's anticipated effective retirement date, the system shall:

   1. (A) Consider the retirement application untimely;
   2. (B) Reject the retirement application;
   3. (C) Notify the member of one (1) or more dates on which the member may timely file a retirement application; and
   4. (D) Notify the member of the procedure to use in order to timely file a retirement application; and

2. (2) If a retirement application is received after the three-month window ends for the member's anticipated effective retirement date, the system shall:

   1. (A) Consider the retirement application untimely; and
   2. (B) Provide the member with a new effective retirement date that begins on the first day of the month following the member’s previously anticipated effective retirement date.