Minimum monthly allowance.

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  • (1) A retiree under this system may not receive less than $9 per month for each year of service credit at the time of retirement.
  • (2) The increased allowance provided by this section may not exceed the allowance payable under Option One under Section 49-12-402, by more than 75%.
  • (3) The cost of providing this benefit shall be assumed within the contribution rate established under Section 49-12-301.




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