Sec. 5-163a. Eligibility for retirement prior to June 30, 1980. Retirement income.
Sec. 5-163a. Eligibility for retirement prior to June 30, 1980. Retirement income. (a) Any member who has completed twenty-five years of state service and has
reached the age of fifty prior to June 30, 1980, may elect to be retired on the first day
of the month following such application and receive retirement benefits in accordance
with the provisions of subdivision (3) of subsection (c) of section 5-162, provided such
member so elects prior to June 30, 1980.
(b) Any member who has completed at least ten but less than twenty-five years of
state service and reached the age of fifty-five prior to June 30, 1980, may elect to be
retired on the first day of the month following his application and receive retirement
benefits in accordance with subsection (d) of this section, provided such member so
elects prior to June 30, 1980.
(c) Any member who has completed at least five but less than ten years of state
service and has reached the age of sixty-five prior to June 30, 1980, may elect to be
retired on the first day of the month following such application and receive retirement
benefits in accordance with the provisions of subsection (d) of this section, provided
such member so elects prior to June 30, 1980.
(d) Each member referred to in subsections (b) and (c) of this section shall receive
a monthly retirement income beginning on his retirement date equal to one-twelfth of
(A) plus (B): (A) The number of years of state service taken to completed months,
multiplied by the applicable percentage of his Social Security earnings determined from
the table below for the appropriate age and years of state service; (B) the number of
years multiplied by the applicable percentage of his excess earnings determined from
the table below for such age and years of service.
Age Of Member
On His Retirement
Date
Years
Of State
Service**
Percentage
Of Social Security
Earnings
Excess
Earnings
65 and over5 and over*1.25%2.50%
60 to 65101.002.00
5910.941.88
5810.881.76
5710.821.64
5610.761.52
5510.701.40
5410.651.30
5310.601.20
5210.561.12
5110.531.06
5010.501.00
*Not more than 20 years may be counted for this age and percentage group.
**Between the ages of fifty and fifty-five, the minimum service requirement is ten
years of actual state service.
For each full year of service beyond ten, the percentage of Social Security earnings shall
be increased by one-fifteenth of the difference between one and the percentage shown
in the above table opposite the age of the retiring employee, and the percentage of
excess earnings shall be increased by one-fifteenth of the difference between two and
the percentage shown in the above table opposite the age of the retiring employee.
(P.A. 75-531, S. 5, 6; P.A. 77-390, S. 6, 8; P.A. 80-294, S. 2, 7.)
History: P.A. 77-390 added note to table requiring 10 years of actual full-time service as described in Sec. 5-166 for
those between 50 and 55 years old; P.A. 80-294 deleted "full-time" and "as described in section 5-166" from note.
See Sec. 5-162g re eligibility of part-time employees and computation of benefits.
Cited. 195 C. 405.
Cited. 34 CA 510; judgment reversed, see 234 C. 424.