... he elected to withdraw cash from his account, pursuant to N.J.S.A. 18A:66-175. The Division therefore denied Iannarelli's request because he previously ... direct payout, a rollover, an annuity, or a combination thereof.' N.J.S.A. 18A:66-175. Thus, there is no factual dispute. Iannarelli withdrew $468.03 ... Therefore, the statute mandates that he 'shall be considered retired.' N.J.S.A. 18A:66-175. Likewise, if a member receives a retirement allowance and later ...