Unless otherwise implied from the context of this chapter, the following terms shall have the meaning set forth hereinbelow:
(a) System. — The Teachers’ Retirement System, created by virtue of Act No. 218 of May 6, 1951, or by virtue of legislation approved in the future.
(b) Adjusted pension. — The resulting pension after applying three percent (3%) to the gross pension.
History —Sept. 4, 1992, No. 62, § 2.