72. If an employee ceases to be employed following resignation, dismissal, abolition of his office or, subject to section 48, disability, before two years of service may be credited to him, the amounts deducted from his salary and amounts he has disbursed to pay for pension credit shall be reimbursed to him with interest computed in the manner provided for in section 76.
If the employee contemplated in the first paragraph is again employed by an agency contemplated by this act within 180 days from the date his employment was terminated, he may elect to receive the reimbursement of the amounts provided for in the first paragraph or to be credited with the service he has accumulated.
1973, c. 12, s. 63; 1974, c. 9, s. 15.