D.  Eligibility; Benefits

 

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

(b)  A class H member who has at leasttwenty-five years of credited service as a sewer worker or water safetyofficer, of which the last five or more years prior to retirement is creditedservice in that capacity, shall become eligible to receive a retirementallowance unreduced for age after the member has terminated service.

(c)  A class H member who has twenty years ofcredited service and has attained age fifty-five shall be eligible to receivean early retirement allowance reduced for age after the member has terminatedservice.

(d)  If a class H member has at leasttwenty-eight years of credited service on or after July 1, 2005; twenty-sevenyears of credited service on or after July 1, 2006; twenty-six years ofcredited service on or after July 1, 2007; and twenty-five years of creditedservice on or after July 1, 2008, as an emergency medical technician, of whichthe last five or more years prior to retirement is credited service in thatcapacity, the member shall be eligible to receive a retirement benefitunreduced for age after the member has terminated service.

(e)  A class H member may retire upon thewritten application to the system, specifying the desired date of retirement,which shall be not less than thirty days nor more than one hundred fifty dayssubsequent to the date of filing. Retirement shall be effective on the firstday of a month, except for the month of December when retirement on the first orlast day of the month shall be allowed. [L 2004, c 179, pt of §1]