§ 36-10-9.3 Retirement on serviceallowance – Registered nurses. – (a) This section shall apply to the retirement of members employed asregistered nurses within the department of mental health, retardation, andhospitals.
(b) Any member who has attained the age of fifty (50) yearsmay be retired subsequent to the proper execution and filing of writtenapplication; provided, however, that the member shall have completedtwenty-five (25) years of total service within the department of mental health,retardation, and hospitals and who retires before October 1, 2009 or iseligible to retire as of September 30, 2009.
(ii) For members who become eligible to retire on or afterOctober 1, 2009, benefits are available to members who have attained the age offifty-five (55) and have completed at least twenty-five (25) years of totalservice within the department of mental health, retardation and hospitals. Formembers in service as of October 1, 2009 who were not eligible to retire as ofSeptember 30, 2009, the minimum retirement age of fifty-five (55), theretirement age will be adjusted downward in proportion to the amount of servicethe member has earned as of September 30, 2009. The proportional formula shallwork as follows:
(1) The formula shall determine the first age of retirementeligibility under the laws in effect on September 30, 2009 which shall then besubtracted from the minimum retirement age of fifty-five (55).
(2) The formula shall then take the member's total servicecredit as of September 30, 2009 as the numerator and the years of servicecredit determined under (1) as the denominator.
(3) The fraction determined in (2) shall then be multipliedby the age difference determined in (1) to apply a reduction in years from agefifty-five (55).
§ 36-10-9.3 Retirement on serviceallowance – Registered nurses. – (a) This section shall apply to the retirement of members employed asregistered nurses within the department of mental health, retardation, andhospitals.
(b) Any member who has attained the age of fifty (50) yearsmay be retired subsequent to the proper execution and filing of writtenapplication; provided, however, that the member shall have completedtwenty-five (25) years of total service within the department of mental health,retardation, and hospitals and who retires before October 1, 2009 or iseligible to retire as of September 30, 2009.
(ii) For members who become eligible to retire on or afterOctober 1, 2009, benefits are available to members who have attained the age offifty-five (55) and have completed at least twenty-five (25) years of totalservice within the department of mental health, retardation and hospitals. Formembers in service as of October 1, 2009 who were not eligible to retire as ofSeptember 30, 2009, the minimum retirement age of fifty-five (55), theretirement age will be adjusted downward in proportion to the amount of servicethe member has earned as of September 30, 2009. The proportional formula shallwork as follows:
(1) The formula shall determine the first age of retirementeligibility under the laws in effect on September 30, 2009 which shall then besubtracted from the minimum retirement age of fifty-five (55).
(2) The formula shall then take the member's total servicecredit as of September 30, 2009 as the numerator and the years of servicecredit determined under (1) as the denominator.
(3) The fraction determined in (2) shall then be multipliedby the age difference determined in (1) to apply a reduction in years from agefifty-five (55).
§ 36-10-9.3 Retirement on serviceallowance – Registered nurses. – (a) This section shall apply to the retirement of members employed asregistered nurses within the department of mental health, retardation, andhospitals.
(b) Any member who has attained the age of fifty (50) yearsmay be retired subsequent to the proper execution and filing of writtenapplication; provided, however, that the member shall have completedtwenty-five (25) years of total service within the department of mental health,retardation, and hospitals and who retires before October 1, 2009 or iseligible to retire as of September 30, 2009.
(ii) For members who become eligible to retire on or afterOctober 1, 2009, benefits are available to members who have attained the age offifty-five (55) and have completed at least twenty-five (25) years of totalservice within the department of mental health, retardation and hospitals. Formembers in service as of October 1, 2009 who were not eligible to retire as ofSeptember 30, 2009, the minimum retirement age of fifty-five (55), theretirement age will be adjusted downward in proportion to the amount of servicethe member has earned as of September 30, 2009. The proportional formula shallwork as follows:
(1) The formula shall determine the first age of retirementeligibility under the laws in effect on September 30, 2009 which shall then besubtracted from the minimum retirement age of fifty-five (55).
(2) The formula shall then take the member's total servicecredit as of September 30, 2009 as the numerator and the years of servicecredit determined under (1) as the denominator.
(3) The fraction determined in (2) shall then be multipliedby the age difference determined in (1) to apply a reduction in years from agefifty-five (55).
