D.  Eligibility; Benefits



 



[§88-331]  Service retirement.  (a)  A
class H member who has five years of credited service and has attained age
sixty-two, or a class H member with thirty years credited service who has
attained the age of fifty-five shall become eligible to receive a retirement
allowance after the member has terminated service.



(b)  A class H member who 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.



(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 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.



(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. [L 2004, c 179, pt of §1]