19-6-501. Eligibility for service retirement benefit. (1) Subject to a member’s right to a refund of the member’s accumulated contributions under Title 19, chapter 2, part 6, a member is eligible to receive a nonforfeitable service retirement benefit under 19-6-502 after completing 20 years or more of membership service and terminating service. (2) For purposes of compliance […]
19-6-502. Service retirement benefit. After termination from service and upon application for service retirement, a member must receive a service retirement benefit equal to 2.6% of the member’s highest average compensation for each year of service credit. History: En. Sec. 13, Ch. 37, L. 1945; amd. Sec. 4, Ch. 361, L. 1974; amd. Sec. 5, Ch. 65, […]
19-6-503. Early retirement benefit for member discontinued from service other than for cause. (1) If a member hired before July 1, 2013, is discontinued from service other than for cause after having completed 5 years of membership service but before reaching normal retirement age, the member must, upon filing a written application with the board, be […]
19-6-504. Repealed. Sec. 13, Ch. 86, L. 1985. History: En. Sec. 16, Ch. 37, L. 1945; amd. Sec. 9, Ch. 243, L. 1955; R.C.M. 1947, 31-216.
19-6-505. Payment of retirement benefits. (1) The service retirement benefit must be paid to the retired member for the remainder of the member’s life. (2) Upon the retired member’s death, the retirement benefit must be paid to the member’s surviving spouse, if there is one. (3) (a) If upon the retired member’s death there is no surviving spouse or […]
19-6-506. Repealed. Sec. 236, Ch. 265, L. 1993. History: En. Sec. 1, Ch. 627, L. 1989; amd. Sec. 18, Ch. 16, L. 1991; amd. Secs. 1, 3, Ch. 735, L. 1991.
