Deferred retirement

A deferred retirement benefit shall be payable to a member who has 10 years of service to his credit and is, on separation, less than forty-five years of age. The deferred retirement benefit shall be computed in the manner stipulated in regulation 8(4) except that its commencement shall be deferred until the last day following the member's ­

(a) Sixty-fifth birthday, in the case of a judge;

(b) Sixtieth birthday, in the case of a member other than the one mentioned in (a) 

Notwithstanding, a member entitled to deferred retirement may at any time have his pension commence on the last day of any month between his ­(a) forty-fifth and sixty-fifth birthday, in the case of a member who is a judge, (b) forty-fifth and sixtieth birthday, in the case of a member who retires at sixty years of age