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Section 15-5-409 - Amount of Service Pension — Wyoming Law | CourtGPT
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  7. Section 15-5-409 - Amount of Service Pension
Wyoming Legal Code

Section 15-5-409 - Amount of Service Pension

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15-5-409. Amount of service pension. (a) The amount of the monthly service pension payable to a retired member is: (i) Two and eight-tenths percent (2.8%) of his final average compensation multiplied by the number of years in his first twenty-five (25) years of his period of credited service. (ii) Repealed By Laws 2000, Ch. 43, 2. (iii) Repealed By Laws 2008, Ch. 112, 2. (b) For purposes of this section, credited service shall be measured in years taken to the nearest twelfth (1/12) of a year. (c) Benefits shall not be payable under the pension system to the extent that they exceed the limitations imposed by section 415(b) of the Internal Revenue Code.