19-20-1006. When beneficiaries designated — eligible beneficiaries — right to renounce
19-20-1006. When beneficiaries designated — eligible beneficiaries — right to renounce. (1) Upon first becoming an active member of the retirement system, the member shall designate one or more primary beneficiaries and may designate one or more contingent beneficiaries. (2) (a) At the time of retirement, the member’s beneficiary designations under subsection (1) are void and the member […]
19-20-804. Allowance for service retirement — professional retirement option allowance — creditable service limitation
19-20-804. Allowance for service retirement — professional retirement option allowance — creditable service limitation. (1) Upon termination, a tier one or tier two member who qualifies for benefits pursuant to 19-20-801(1) or (2) must receive a retirement allowance equal to one-sixtieth of the member’s average final compensation, as limited by 19-20-715, multiplied by the sum of […]
19-20-805. Calculation of average final compensation
19-20-805. Calculation of average final compensation. (1) Except as limited by this section, average final compensation is calculated by averaging the earned compensation paid to: (a) a tier one member in 3 consecutive fiscal years of full-time service that yields the highest average; or (b) a tier two member in 5 consecutive fiscal years of full-time service that […]
19-20-806. Terminated
19-20-806. Terminated. Sec. 6, Ch. 120, L. 2003. History: En. Sec. 1, Ch. 120, L. 2003; amd. Sec. 15, Ch. 320, L. 2005.
19-20-807. through 19-20-809 reserved
19-20-807 through 19-20-809 reserved.
19-20-810. Termination of employment — retired member status — certification of termination date
19-20-810. Termination of employment — retired member status — certification of termination date. (1) A member shall terminate employment in all positions reportable to the retirement system to be eligible for service retirement under 19-20-801, early retirement under 19-20-802, disability retirement under 19-20-901, or withdrawal under 19-20-603. (2) Except as provided in subsections (3) and (4), a […]
19-20-901. Eligibility for disability retirement — determination by board
19-20-901. Eligibility for disability retirement — determination by board. (1) Except as provided in subsection (5), upon the application of a member or of the member’s employer for a disability retirement allowance, any member who has 5 or more years of creditable service and who has become disabled while being an active member may be retired […]
19-20-734. Break-in-service requirements
19-20-734. Break-in-service requirements. (1) Except as provided in 19-20-732 and subsection (2) of this section, a retired member who first applies for retirement benefits or applies for resumed or recalculated retirement benefits pursuant to 19-20-733 based on a date of termination of January 1, 2014, or later may not be employed in a position reportable to […]
19-20-801. Eligibility for service retirement
19-20-801. Eligibility for service retirement. (1) A tier one member is eligible to receive a service retirement allowance calculated under 19-20-804(1) if the member: (a) has been credited with at least 5 full years of creditable service and has attained the age of 60; or (b) has been credited with full-time or part-time creditable service in 25 or […]
19-20-802. Early retirement
19-20-802. Early retirement. (1) (a) A vested tier one member who is not eligible for service retirement but has attained the age of 50 is eligible for an early retirement allowance. (b) A vested tier two member who is not eligible for service retirement but has attained the age of 55 is eligible for an early retirement allowance. […]