104.400. Normal retirement age--early retirement requirements--annuity, how computed.
Normal retirement age--early retirement requirements--annuity, howcomputed.
104.400. 1. Any member who terminates employment may retire with anormal annuity upon obtaining normal retirement age.
2. Any member after attaining fifty-five years of age who has atleast ten years of vesting service may retire. In such case, the member,except uniformed members of the water patrol, shall receive an annuity inan amount which is the actuarial reduction approved by the board of thenormal annuity the member would have received commencing at the earliestdate on which the member is entitled to an unreduced benefit based on themember's creditable service at the date of the member's termination ofemployment.
(L. 1957 p. 706 § 19, A.L. 1961 p. 543, A.L. 1965 p. 225, A.L. 1972 S.B. 548, A.L. 1979 H.B. 87, A.L. 1981 H.B. 835, et al., A.L. 1984 H.B. 1370, A.L. 1985 H.B. 790, A.L. 1986 H.B. 1496, A.L. 1988 H.B. 1643 & 1399, A.L. 1994 H.B. 1149, A.L. 1995 H.B. 416, et al., A.L. 2002 H.B. 1455)Effective 7-11-02