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Resolution
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member's retirement allowance, but in no event shall the retirement allowance exceed two-thirds of
the salary payable to a current presiding officer in the General Assembly.
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 limitation set
forth in paragraph (4) of this subsection.
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(2) A member may elect to receive a service retirement allowance equal to the sum
of:
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6079
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