(a) A person entitled to benefits from the pension system may, in a manner determined by the pension system, reduce the amount of the benefits or revoke the right to the benefits. A decision under this section is irrevocable and binding on the person's spouse and dependents, if applicable. If the person reducing or revoking benefits is married, the person's spouse must consent to such reduction or revocation in writing in a manner determined by the pension system.     
      (b) A reduction or revocation under this section applies to all payments that become or would have become due after the date of the reduction or revocation. Amounts waived under this section are forfeited to the pension system.     
      (c) A subsequent cost-of-living adjustment granted under the pension system, a benefit increase granted by a governing body of a participating department, or a benefit increase or adjustment for persons entitled to benefits under the Texas Local Fire Fighters Retirement Act that are being administered by the pension system will not be applied to persons who have reduced or revoked their benefits under this section.     
     Source Note:        The provisions of this §302.4 adopted to be effective October 2, 2005, 30 TexReg 6060; amended to be effective October 18, 2015, 40 TexReg 7099; amended to be effective December 31, 2019, 44 TexReg 8332