Section 411-410-4 - Waiver and Acknowledgement1. A member who terminates employment and at the time of termination is eligible to retire, regardless whether the member has reached Normal Retirement Age, may choose: A. To begin receiving MainePERS retirement benefits immediately, in exchange for foregoing additional accrual of service credit and possible increase in earnable compensation upon any return to employment after retirement with the same employer; orB. To defer receiving retirement benefits, thereby continuing to be eligible to accrue additional service credit and possibly to increase earnable compensation upon any return to employment with the same employer.2. To begin to receive immediate retirement benefits, every MainePERS member must sign a written statement prior to retirement in a form acceptable to MainePERS that acknowledges that the member knows and understands that he/she has this choice, and that he/she knowingly and voluntarily waives the right to accrue additional service credit and possible increases in earnable compensation if he/she returns to employment after retirement with the same employer after commencement of retirement benefits. By signing the statement, the member waives all claims of whatever nature under federal or state law based on additional service credit not being accrued and possible increases in earnable compensation not being received if the member returns to employment after retirement with the same employer.94- 411 C.M.R. ch. 410, § 4