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Section 26-31. Service retirement. (a) Normal retirement: Any member in service at his normal retirement date may retire at any time then or .thereafter up.on written notification to the board, made by such member or his appointing authority, settinE forth at what time the retirement is to become effective; provided, that such effective date shall be after his last dayof service, but shall not be more than ninety days prior to or subsequent to the filing of such notice. (b) Early retirement: Any member who is in service on or after his sixtieth birthday may retire upon ~itten notification to the board, made by the ~mber or his employer, setting forth at what time the retirement is to become effective; provided, that such effective date shall be after his last day of service and after the filing of such notice but shall not be more than ninety days subsequent to the filing of such notice. (c) Deferred retirement for members terminating service: Any member having left the service after the attainment of age fifty and after,having completed twenty years of creditable service, may retire under the provisions of subsection (a) of this section, or under the provisions of subsection (b) of this section except that any requirements as to the member being in service shall not apply. (d) Mandatory retirement: ~ny member remaining in service after his normal retirement date who attains the maximum retirement age shall be retired forthvrith. Section 26-37. Refund of Accumulated Contributions. " (a) Upon the retirement or termination of service of a member after June 30, 1967~ other than by death, he shall be paid, on demand but not later then ninety days thereafter, the amount of his accumulate~ contributions, if any, in a lump sum; provided that if the amount of the member's accumulated contributions is less than ten dollars, no such payment sh~.ll be made. Any member as of July 1,.1967, whose ser~ce ter~minated prior to such date, ar~whohas not withdra~nhi~ accumulated contributions, and ~o is en,mtled to future bene~mto under subsection (c) of Section 26-31 , may elec.t at.any time prior to retirement to receive a payment of his accumulated contrmbutmo~n~, bdt anysuch payment shall terrmtnate b~s member- ship and his rmghts to-any further benefits hereunder. (b) Should a member die at any time before retirement, the amount of his accumulated contributions shall then be payable in a ltm~ s~a in accordance with Section 26-42; provided that if the a~unt of the members ycc~raulated contributions is less t~n ten dollars, no such pa)~aent shall be made. Section 26-48. Definitions. As used in this article, unless otherwise required by the context, the fotlo~ lng wSrds and terms shall have the meanir~ indicated: Accumulated contributions. ~ne term "accumulated contributions" shall be taken to mea~ the sum of all amounts deducted from the compensation of a member as contributions to the system, together ~th interest thereon at the rate of two