§ 31-53. Early retirement.

(a)

For the period beginning March 1, 2010, only actual service shall be used in calculating credited service for the purpose of determining early retirement eligibility. However, all credited service obtained or earned prior to March 1, 2010, shall be included in such calculation.

(b)

Each member who is not a public safety employee and has completed twenty-five (25) years of credited service, even if before the attainment of the minimum retirement age, may retire at the member's option then or thereafter with a reduced retirement benefit computed in accordance with section 31-54(b).

(c)

Each member who has completed twenty-five (25) years of credited service which includes at least five (5) years of credited service as a public safety employee, may retire before the attainment of the minimum retirement age with a reduced retirement benefit computed in accordance with section 31-54(b) but only on that portion of credited service that was not earned as a public safety employee.

(Ord. No. 2709-80; Ord. No. 3324-85; Ord. No. 4612-94, § 1; Ord. No. 4732-95; Ord. No. 5117-98; Ord. No. 5905-03; Ord. No. 6434-07, § 1; Ord. No. 6658-10, § 1)

Editor's note— Ord. No. 6658-10, § 1, adopted Jan. 26, 2010, shall be in effect on and after March 1, 2010.

(Ord. No. 2709-80; Ord. No. 3324-85; Ord. No. 4612-94, § 1; Ord. No. 4732-95; Ord. No. 5117-98; Ord. No. 5905-03; Ord. No. 6434-07, § 1; Ord. No. 6658-10, § 1)

Editor's note

Ord. No. 6658-10, § 1, adopted Jan. 26, 2010, shall be in effect on and after March 1, 2010.