Sec. 45a-38. (Formerly Sec. 45-29e). Retirement of employee after ten years of service.
Sec. 45a-38. (Formerly Sec. 45-29e). Retirement of employee after ten years
of service. (a) If any employee of a court of probate is separated on or after January 1,
1972, from the service of the court by which he is employed, and after completing at
least ten years of credited service but before reaching the normal retirement age, he shall
be entitled to a retirement allowance on the first day of the month after reaching the
normal retirement age.
(b) At the option of the employee, the retirement allowance may commence on the
first day of any month after the date of the separation described in subsection (a) of this
section and shall be payable in an amount determined by the Retirement Commission
to be the actuarial equivalent of the retirement allowance that would have been payable
except for the election of such option, except that for any such employee separated on
or after October 1, 1994, who has attained the age of sixty, the reduction of the allowance
which would have been payable shall be one quarter of one per cent for each month the
employee's retirement precedes the attainment of age sixty-two. Any such employee
who was separated from the service of the court before July 1, 1979, with at least ten but
less than twenty years of credited service may elect a retirement allowance retroactive to
January 1, 1979, or the first day of the month after such separation, whichever is later.
(1967, P.A. 558, S. 30; 1972, P.A. 244, S. 4; P.A. 79-454, S. 2, 12; P.A. 80-476, S. 40; P.A. 86-242, S. 5; P.A. 94-98,
S. 3.)
History: 1972 act changed applicable date from January 1, 1968, to January 1, 1972, and required completion of 20
rather than 30 years of continuous service; P.A. 79-454 reduced requirement to 10 years, substituted "credited" for "continuous service" and added provision re employees with more than 10, but less than the previously required 20, years of service;
P.A. 80-476 divided section into Subsecs. and rephrased provisions; P.A. 86-242 amended Subsec. (b) by substituting
"any" for "the" before "month"; Sec. 45-29e transferred to Sec. 45a-38 in 1991; P.A. 94-98 amended Subsec. (b) by
providing that for employee separated on or after October 1, 1994, who has attained the age of 60, the reduction allowance
which would have been payable shall be 0.25% for each month the employee's retirement precedes the attainment of age 62.