§ A8.601-2

SERVICE RETIREMENT

Any member of the fire department who completes at least five years of service in the aggregate and attains the age of fifty (50) years, said service to be computed under Section A8.601-10, may retire for service at his or her option. A member retired after meeting the service and age requirements in the preceding sentence, shall receive a retirement allowance equal to the percent of final compensation (as defined in Section A8.601-1) set forth below opposite his or her age at retirement, taken to the preceding completed quarter year, for each year of service, as computed under Section A8.601-10:



Age at Retirement Percent for Each Year of Credited Service
50 2.400
50.25 2.430
50.5 2.460
50.75 2.490
51 2.520
51.25 2.550
51.5 2.580
51.75 2.610
52 2.640
52.25 2.670
52.5 2.700
52.75 2.730
53 2.760
53.25 2.790
53.5 2.820
53.75 2.850
54 2.880
54.25 2.910
54.5 2.940
54.75 2.970
55+ 3.000

In no event, however, shall such a retirement allowance exceed ninety (90) percent of a member’s final compensation.

History

(Added by Proposition D, Approved 6/8/2010)

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