§88-282  Service retirement allowance.  [2005
amendment retroactive to July 1, 2004.  L 2005, c 58, §33.]  Upon
retirement from service, a member shall receive a retirement allowance as
follows:



(1)  If the member has met the requirements in section
88-281(a), (b), (d), or (e), a maximum retirement allowance of one and
one-fourth per cent of the average final compensation multiplied by the number
of years of credited service; or



(2)  If the member has met the requirements in section
88-281(c), an early retirement allowance equal to the maximum retirement
allowance reduced by one-half per cent for each month the member is less than
age sixty-two at retirement. [L 1984, c 108, pt of §8; am L 1987, c 117, §5; am
L 2001, c 101, §2; am L 2005, c 58, §19]