Conditions for service retirement

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  • (a) An application for an annuity shall be in writing, addressed to the Administrator. The annuity when granted shall begin as of the first day of the month next following the date of withdrawal from service. In no case shall an annuity become effective prior to the aforesaid date nor more than 60 days prior to the receipt of the application from the member.

  • (b) Any member retiring pursuant to the provisions of this chapter shall notify, in writing, his Department Head and the Administrator, of his intent to retire at least three months prior to the date of his retirement, but in no event shall a member give less than sixty days notice of his intent to retire.

  • (c) A police officer, eligible employee with the Virgin Islands Water and Power Authority, eligible employee working with chlorine, sewage or carcinogens, firefighter, including a firefighter and police officer employed by the Virgin Islands Port Authority, Virgin islands marshal and probation officer of the Superior Court, or corrections officer, are eligible to receive a retirement annuity at age 60 and upon completion of 10 years of service, or age 58 with 25 years of service.

  • (d) Any member who is age sixty years with at least ten but less than thirty years of credited service may retire on a service annuity which shall be reduced by .325 of 1% for each month, or fraction thereof, that the member's age is less than sixty-five years.

  • (e) Deleted.

  • (f) Any member whose withdrawal from service occurs:

    • (1) prior to age sixty-five years but after at least ten years of credited service; or

    • (2) in the case of a police officer, eligible employee with the Virgin Islands Water and Power Authority, eligible employee working with chlorine, sewage or carcinogens, firefighter, including a firefighter or police officer employed by the Virgin Islands Port Authority, Virgin Islands marshal and probation officer of the Superior Court, or corrections officers, prior to age fifty-five years and after at least ten years of credited service, and who has not received a refund of accumulated contributions, is entitled to receive a deferred service annuity payable upon attainment of age sixty-five or fifty-eight years, as the case may be.


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