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Session Laws, 2002
Volume 800, Page 6081   View pdf image
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Resolution
(b) Reduced service retirement allowance. On retirement under this section, a member shall
receive a reduced service retirement allowance equal to the service retirement allowance or portion
thereof computed under § 7 § 8(d) or (e)(2)(ii) of this Item 3A on the basis of the member's
creditable service and current annual salary, reduced by 0.5% for each month by which the member's
early retirement date precedes the date the member attains age 60. 10. Disability retirement allowance. (a) Definition. In this section, "disabled" means the member is mentally or physically
incapacitated for the further performance of duty as a legislator and the incapacity is likely to be
permanent. (b) Eligibility for disability retirement. A member who is currently serving in the General
Assembly is eligible to receive a disability retirement allowance if: (1) The member has at least 8 years of creditable service regardless of age; (2) The medical board has certified that the member is disabled; and (3) The member completes and submits an application for retirement to the Board of
Trustees stating the date on which the member desires to retire. (c) Disability retirement allowance. A member shall receive a disability retirement allowance
computed as set forth in § 7(d) of this Item 3 A for all years of creditable service. 11. Survivor allowance payable on death of retiree. (a) Survivor allowance. On the death of a retiree, the Board of Trustees shall pay a survivor
allowance equal to one-half of the retirement allowance that would be payable to the retiree if the
retiree were living and continued to receive a retirement allowance: (1) To the retiree's surviving spouse for life, commencing on the date of the retiree's death; or (2) If there is no surviving spouse, to the designated beneficiary for life, commencing: (i) On the retiree's death, if the designated beneficiary is then at least age 60; (ii) On the designated beneficiary attaining age 60, if the designated
beneficiary has not attained 60 years of age on the retiree's death; or (iii) At any time after the designated beneficiary attains age 50 but before the
designated beneficiary attains age 60, if the designated beneficiary makes the election set forth in
subsection (b) of this section.
6081


 
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Session Laws, 2002
Volume 800, Page 6081   View pdf image
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