Section 10-12B-9 - Amount of pension.
10-12B-9. Amount of pension.
The amount of monthly pension is equal to:
A. In the case of a former or current judge or justice, an amount equal to one-twelfth of:
seventy-five percent of salary number of years of received during last year in X service, not exceeding office prior to retirement ten years, divided by ten;
B. In the case of a new judge or justice who initially became a member prior to July 1, 2005, an amount equal to one-twelfth of:
seventy-five percent of (number of years salary received during X .05 X service, not exceeding last year in office prior fifteen years, plus to retirement five years); or
C. In the case of a new judge or justice who initially became a member on or after July 1, 2005, an amount equal to one-twelfth of the salary received during the last year in office prior to retirement multiplied by the product of three and seventy-five hundredths percent times the sum of the number of years of service; provided that a pension calculated pursuant to this subsection shall not exceed seventy-five percent of one-twelfth of the salary received during the last year in office.