5020

Upon choosing retirement, each participant, who has not received reimbursement for his/her accumulated contributions, shall be entitled to receive the retirement annuity so stated in this section. Said retirement annuity shall start on the effective date.\n(a) Any participant who by December 30, 2000, has completed twenty-five (25) years of creditable service or more, and is fifty-five (55) years old or over, shall receive a retirement annuity equal to seventy-five percent (75%) of the average retribution.\n(b) Any participant who by December 30, 2000, has completed thirty (30) years of creditable service or more, and is fifty (50) years old or over, shall receive a retirement annuity equal to seventy-five percent (75%) of the average retribution.\n(c) Any participant who by December 30, 2000, has completed twenty-five (25) years of creditable service or more, but less than thirty (30), and is not fifty-five (55) years old, shall receive a retirement annuity equal to sixty-five percent (65%) of the average retribution.\nHistory —Aug. 12, 2000, No. 174, § 4.