1. A member who is not an active member of any other retirement system in the state which is maintained in whole or in part by public contributions may remain in service beyond the date the member attains the age of sixty-five. The employer shall not consider age as a factor in determining the continuation of the member's service.
2. A member remaining in service after attaining the age of seventy years is entitled to receive a retirement allowance under sections 97B.49A through 97B.49H, as applicable, commencing with payment for the calendar month within which the written notice is submitted to the division, except that if the member fails to submit the notice on a timely basis, retroactive payments shall be made for no more than six months immediately preceding the month in which the written notice is submitted.
[C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97B.46]
87 Acts, ch 19, § 5; 88 Acts, ch 1242, § 33, 34; 94 Acts, ch 1183, §28; 98 Acts, ch 1183, § 28, 29; 2001 Acts, ch 68, §21, 24
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