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Session Laws, 1965
Volume 676, Page 1141   View pdf image (33K)
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J. MILLARD TAWES, Governor                     1141

(b) A pension which, together with his annuity shall provide a
total retirement allowance equal to two per centum [ninety per
centum of one-fiftieth] of his average final compensation for each
of the first twenty-five years of creditable service and one per centum
[one-sixtieth] of his average final compensation for each year after
the first twenty-five years of creditable service, but in no event shall
the total retirement allowance be less than thirty-five per centum of
his average final compensation,
[if such service retirement allowance
exceeds one-quarter of his average final compensation; otherwise a
pension which, together with his annuity, shall provide a total retire-
ment allowance equal to one-quarter of his average final compensa-
tion, provided, however, that no such allowance shall exceed ninety
per centum of one-fiftieth of his average final compensation for each
year of creditable service were his service to continue until the attain-
ment of age 55.]

(6)    Upon retirement for special disability a member shall receive
a service retirement allowance if he has attained the age of 50 [55];
otherwise he shall receive a special disability retirement allowance
which shall consist of:

(a)    An annuity which shall be the actuarial equivalent of his
accumulated contributions at the time of his retirement; and

(b)    A pension of sixty-six and two-thirds [fifty] per centum of
his average final compensation, but in no event shall his total special
disability retirement allowance exceed his average final compen-
sation.

(c)     Upon the death of a member retired on a special disability
retirement allowance, one-half of the allowance calculated above shall
be continued to his widow, if he leaves a widow, to continue during
her widowhood; or if there be no widow, or if the widow dies or re-
marries before the youngest child of such deceased retired member
shall have attained the age of 18, then to his child or children under
said age if he leaves children, divided in such manner as the board
in its discretion shall determine to continue, as a joint and survivor-
ship pension for the benefit of the child or children under said age
until every child dies or attains said age.

(7) (a) Once each year during the first five years following the
retirement of a member on a disability retirement allowance, and
once in every three-year period thereafter, the Board of Trustees
may, and upon his application shall, require any disability beneficiary
who has not yet attained the age of 50 [55] to undergo a medical
examination, such examination to be made at the place of residence
of such beneficiary or other place mutually agreed upon, by the
Medical Board. Should any disability beneficiary who has not yet
attained the age of 50 [55] refuse to submit to such medical examina-
tion, his allowance may be discontinued until his withdrawal of such
refusal, and should his refusal continue for one year, all his rights
in and to his pension may be revoked by the Board of Trustees.

(c) Should a disability beneficiary under the age of 50 [55] be
restored to active service and should his annual compensation then
or at any time prior to the age of 50 [55] be equal to or greater than
his average final compensation at retirement, his retirement allow-
ance shall cease, he shall again become a member of the Retirement
System, and he shall contribute thereafter at the [same] rate ap-

 

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Session Laws, 1965
Volume 676, Page 1141   View pdf image (33K)
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