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HARRY HUGHES, Governor 5257
145.
(1) (a) Any member may retire on written application
to the board of trustees setting forth when he desires to be
retired, provided that the member at the time he specifies
for his retirement shall have attained: (i) 30 years of
creditable service, or (ii) the age and has years of
creditable service as follows [and notwithstanding that
during the period of notification he may have separated from
service]:
Age Years of creditable service
62 with 5
63 with 4
64 with 3
65 or more with 2
Article 88B - State Police
53.
(1) (a) Any member may retire upon written application
to the board of trustees setting forth at what time he or
she desires to be retired, provided that the member at the
time specified for retirement has attained the age of 50 or
shall have completed 25 years of creditable service[, and
notwithstanding that during the period of notification the
member may have separated from service]. The physician of
the Department must have attained the age of 65 in order to
retire.
(8) (a) Upon the receipt of proper proofs of the death
of a member in service there shall be paid to the member's
estate or to any person having an insurable interest in the
life of the deceased, that he has nominated by written
designation duly executed and filed with the board of
trustees:
(i) The member's accumulated
contributions; and
(ii) If the member has one through two
years of creditable service, an amount equal to his or her
annual earnable compensation at the time of death.
(b) The board of trustees may take the steps
necessary to provide the death benefit under this subsection
in the form of group life insurance, if, in the opinion of
the board of trustees, that provision would allow a more
favorable tax treatment of the benefit to the beneficiaries
thereof.
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