BLAIR LEE III, Acting Governor

1901

he is or may become a member. For the purposes of this
subsection, "service" shall mean service as an elected or
appointed member of the General Assembly and "year of
service" shall mean a year or any fraction thereof during
which a member serves in the General Assembly and for which
he makes contributions under this subsection, and shall also
include all or part of such service rendered prior to his
commencement of contributions hereunder but not prior to
July 1, 1966, provided he has contributed all amounts (with
interest thereon) he was eligible to contribute hereunder
with respect to such service. Service rendered prior to
July 1, 1966, shall also be credited hereunder provided that
the member shall have made or makes up the contributions
{with interest thereon to date of payment) which he would
have paid had he been a member of the Employees' Retirement
System during such service but withdrew from the system as
of June 30, 1966.

(a)    Any such member who has completed sixteen
years of service or has attained the age of fifty—five (55)
and has completed eight (8) years of service may retire and
receive a retirement allowance which shall be equal to one
twentieth (1/20) of his highest annual earnable compensation
multiplied by the number of years of his service not in
excess of twenty (20) years.

(b)    Any such member whose service is terminated
after eight (8) years of service prior to the attainment of
age fifty-five (55) may, in lieu of the withdrawal of his
accumulated contributions, elect to receive a service
retirement allowance deferred to commence at age fifty—five
(55) and computed on the basis of his years of service and
earnable compensation to the date of his termination.

(c)    Any such member whose service is terminated
prior to the completion of eight (8) years of service and
who elects (i) to leave his accumulated contributions in the
Annuity Savings Fund and (ii) to make additional
contributions equal to the additional amounts which would
have been contributed by him and on his behalf by the State
had he remained in service until the completion of eight (8)
years of service, shall be eligible to receive a termination
retirement allowance deferred to commence at age fifty—five
(55) equal to forty percent (40%) of his last annual

earnable compensation.

(d)    Upon the death of (i) any retired member
who is in receipt of a retirement allowance, (ii) any
retired member who is eligible to receive a deferred
allowance and (iii) any active member who has completed
eight (8) years of service, who leaves a surviving spouse,
with whom he was living as husband or wife on the date of
his death, said spouse shall be entitled to a spouse's
allowance equal to one half (1/2) of the service retirement
allowance which he is in receipt of or would have been
entitled to receive had he been eligible to retire at the
time of his death.