Section 88-331 - Service retirement(a) A class H member who:(1) Became a member before July 1, 2012, has at least five years of credited service, and has attained age sixty-two;(2) Became a member before July 1, 2012, has at least thirty years of credited service, and has attained the age of fifty-five; or(3) Becomes a member after June 30, 2012, has at least ten years of credited service, and has attained age sixty-five; or(4) Becomes a member after June 30, 2012, has at least thirty years of credited service, and has attained age sixty, shall become eligible to receive a retirement allowance after the member has terminated service.
(b) A class H member who became a member before July 1, 2012, and has at least twenty-five years of credited service as a sewer worker or water safety officer, of which the last five or more years prior to retirement is credited service in that capacity, shall become eligible to receive a retirement allowance unreduced for age after the member has terminated service. A class H member who becomes a member after June 30, 2012, and has at least twenty-five years of credited service as a sewer worker or water safety officer, of which the last five or more years prior to retirement is credited service in that capacity, and has attained age fifty-five shall become eligible to receive a retirement allowance unreduced for age after the member has terminated service.(c) A class H member who has twenty years of credited service and has attained age fifty-five shall be eligible to receive an early retirement allowance reduced for age after the member has terminated service.(d) If a class H member, who became a member before July 1, 2012, has at least twenty-eight years of credited service on or after July 1, 2005; twenty-seven years of credited service on or after July 1, 2006; twenty-six years of credited service on or after July 1, 2007; and twenty-five years of credited service on or after July 1, 2008, as an emergency medical technician, of which the last five or more years prior to retirement is credited service in that capacity, the member shall be eligible to receive a retirement benefit unreduced for age after the member has terminated service. If a class H member, who becomes a member after June 30, 2012, has at least twenty-five years of credited service as an emergency medical technician, of which the last five or more years prior to retirement is credited service in that capacity, and has attained age fifty-five, the member shall be eligible to receive a retirement benefit unreduced for age after the member has terminated service.(e) A class H member may retire upon the written application to the system, specifying the desired date of retirement, which shall be not less than thirty days nor more than one hundred fifty days subsequent to the date of filing. Retirement shall be effective on the first day of a month, except for the month of December when retirement on the first or last day of the month shall be allowed.(f) A member's right to the member's accrued retirement benefit is nonforfeitable upon the attainment of normal retirement age and the completion of the requisite years of credited service. For the purpose of this subsection:
"Normal retirement age" means age sixty-five.
"Requisite years of credited service" means five years for class H members who became members before July 1, 2012, and ten years for class H members who became members after June 30, 2012.
Amended by L 2013, c 124,§ 5, eff. 6/14/2013.Amended by L 2011, c 163, § 13, eff. 7/1/2011. L 2004, c 179 , pt of §1 .