RS 602 - Eligibility for retirement; benefit calculation
A. A member shall be eligible for retirement if he has:
(1) Attained at least twenty-five years of service, regardless of age.
(2) Attained at least ten years of service, at age sixty or thereafter.
B. A member shall receive a maximum retirement allowance equal to three and one-third percent of average compensation for every year of creditable service, not to exceed one hundred percent of the member's average compensation.
Acts 2001, No. 746, §1, eff. Dec. 31, 2001; Acts 2008, No. 259, §1, eff. June 17, 2008; Acts 2010, No. 992, §1, eff. Jan. 1, 2011.