GENERAL ASSEMBLY COMPENSATION COMMISSION
8. Service retirement allowance - Service before January 1, 1971,

(a)     Application of section. This section applies only to a member who has
creditable service before January 1, 1971.

(b)     Eligibility for retirement. Except as provided in subsection (c) of this section,
a member may retire if on or before the date of retirement, the member:

(1)     Is not currently serving in the General Assembly;

(2)     Has at least 8 years of creditable service; and

(3)     Has attained:

(i) Age 60 if the member elects to receive a service retirement
allowance under subsection (d) of this section; or

(ii) Age 55 if the member elects to receive a retirement allowance
under subsection (e) of this section; and

(4)     Completes and submits an application for retirement to the Board of
Trustees stating the date on which the member desires to retire.

(c)     Exception for member who joins the Judges' Retirement System. A member
who resigns from the General Assembly prior to the expiration of the member's term of
office to accept a position requiring membership in the Judges' Retirement System is
entitled to a retirement allowance under this Item 3A regardless of years of service.

(d)     Service retirement allowance - In general. Except as provided in subsection
(e) of this section, on retirement, a member shall receive a retirement allowance
computed as set forth in § 7(d) of this Item 3A for all years of creditable service.

(e)     Same - Alternate elections.

(1)     Instead of the service retirement allowance provided in subsection (d) of
this section, at retirement, a member may elect to receive a service retirement allowance
to be paid as provided in either paragraph (2) or paragraph (3) of this subsection, but
subject to the limitations set forth in paragraph (4) of this subsection.

(2)     A member may elect to receive a service retirement allowance equal to
the sum of:

(i) The benefit payable with respect to the member's creditable
service prior to January 1, 1971, computed at the rates and otherwise in accordance with
the statutory pension plan, commencing at the time provided in the statutory pension plan
and based on the member's highest annual earnable compensation as a member of the
General Assembly prior to January 1, 1971; and

(ii) The benefit payable with respect to the member's creditable
service after January 1, 1971, computed as set forth in § 7(d) of this Item 3A and
commencing at age 60.

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