§ 3-332. SERVICE RETIREMENT.

Latest version.

Retirement of a member for service shall be made by the Retirement Board as follows:
(1)

Every member who attains age sixty, who shall have completed ten years of service after qualifying for service retirement, shall not be required to make further contributions to the retirement fund. If such member shall not have completed ten years of service after qualification for service retirement, then the member shall be required to contribute to the retirement fund only until such ten years of service are completed;

(2)

Any member may retire upon written application to the Retirement Board, stating what time the member desires to be retired, provided that said member shall be entitled to be credited, at the time so specified for the member's retirement, with at least ten years of service in the aggregate, and shall have attained the age of fifty years.

(Am. Ord. 2000-28, § 1, eff. 4-24-00; Am. Ord. 2013-36, § 1, eff. 1-20-14).

                    
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