Volume 773, Page 593 View pdf image |
WILLIAM DONALD SCHAEFER, Governor Ch. 6 (B) COMPUTATION OF ALLOWANCE — IN GENERAL. AN ORDINARY DISABILITY RETIREMENT ALLOWANCE EQUALS THE GREATER (1) A NORMAL SERVICE RETIREMENT ALLOWANCE; OR (2) THE AMOUNT COMPUTED UNDER SUBSECTION (C) OR (D) OF THIS (C) SAME — FOR MEMBER AT LEAST NORMAL RETIREMENT AGE. IF A MEMBER IS AT LEAST NORMAL RETIREMENT AGE, THE AMOUNT TO BE (D) SAME — FOR MEMBER UNDER NORMAL RETIREMENT AGE. IF A MEMBER IS UNDER NORMAL RETIREMENT AGE, THE AMOUNT TO BE USED (1) 25% OF THE MEMBER'S AVERAGE FINAL COMPENSATION; OR (2) THE NORMAL SERVICE RETIREMENT ALLOWANCE THAT IS (I) THE NUMBER OF YEARS OF CREDITABLE SERVICE THAT THE (II) AN AVERAGE FINAL COMPENSATION THAT THE MEMBER REVISOR'S NOTE: Subsection (a) of this section is new language added for clarity. Subsections (b) through (d) of this section are new language derived without In subsection (b) of this section, the reference to a "normal service retirement In subsection (d)(2) of this section, the reference to the method of In subsection (d)(2)(i) of this section, the reference to "employment" is - 593 -
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Volume 773, Page 593 View pdf image |
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