G. Postponed Retirement/Required Commencement of Benefits.

You may work past your Normal Retirement Age and earn additional benefits. The amount of your monthly pension will be the full benefit amount credited to you at your postponed retirement date--the first day of the month following the date you actually retire.

If you refuse to accept payment of benefits even though you are eligible for such benefits, you are presumed to have elected to defer payments until April 1st following the date you reach age 70½. You may, however, file your pension application at any time up until that date.