§852. Retirement benefits
122 words·~1 min read·
/me/title-3-legislature/chapter-29-legislative-retirement/852·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Amount. The service retirement allowance of a member shall be determined under this chapter in effect on the member's date of final termination of service. Subject to the minimum benefit provided for in paragraph B , the total amount of the retirement allowance of a member retired in accordance with section 851 shall be equal to:
A. One-fiftieth of the member's average final compensation multiplied by the number of years of creditable service allowed under section 802 ; and [PL 1985, c. 507, §1 (NEW).]
B. Any member who has 10 or more years of creditable service at retirement shall be entitled to a minimum of $100 per month. [PL 1985, c. 507, §1 (NEW).]
[PL 1985, c. 507, §1 (NEW).]