§ 24-8-407 - Eligibility for benefits -- Twenty years of service.
24-8-407. Eligibility for benefits -- Twenty years of service.
(a) Any judge of a municipal court to which this subchapter applies who shall have served at least twenty (20) years in office as municipal judge, irrespective of age, shall be eligible to receive retirement benefits provided by this subchapter.
(b) If the judge resigns, retires from office, or is succeeded in office by another judge, then he shall receive retirement pay for and during the remainder of his natural life in an amount equal to one-half (1/2) of the salary payable to him at the time of his resignation, retirement, or succession in office.