Sec. 342.7. Retirement shall be without optional modification unless timely and effective election filed

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Notwithstanding any other provision of this section, but except where payment of accumulated contributions, an ordinary death benefit, or both, is or are required pursuant to article 14 of the Retirement and Social Security Law, retirement shall be without optional modification unless the member files an effective election pursuant to this Part to retire on a different basis.

                    
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