If for any reason a pension or portion thereof has been waived by a retired member or beneficiary, the benefit waived shall remain in the Retirement Reserve Fund. Such person may cancel the waiver effective as of the first day of any month subsequent to the receipt of the notice of cancellation; however, such person may not make a claim for payment of any benefits waived prior thereto.
N.J. Admin. Code § 17:10-5.13
See: 35 New Jersey Register 388(a), 35 New Jersey Register 3381(a).
Inserted "such person" for "he".