§ A8.610-2

SERVICE RETIREMENT

Any miscellaneous safety member, 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 A8.610-10, 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 A8.610-1) 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 A8.610-1



Retirement Age Percent for Each Year of Credited Service
50 1.800
50½ 1.828
50½ 1.856
50¾ 1.884
51 1.912
51¼ 1.940
51½ 1.968
51¾ 1.996
52 2.020
52¼ 2.048
52½ 2.076
52¾ 2.104
53 2.132
53¼ 2.160
53½ 2.188
53¾ 2.216
54 2.244
54¼ 2.272
54½ 2.300
54¾ 2.328
55 2.356
55¼ 2.384
55½ 2.412
55¾ 2.440
56 2.468
56¼ 2.496
56½ 2.524
56¾ 2.552
57 2.590
57¼ 2.618
57½ 2.646
57¾ 2.674
58 2.700

In no event shall a member’s initial retirement allowance exceed ninety percent of his or her average final compensation.

History

(Added by Proposition C, Approved 11/8/2011)

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