§ 154-137. 1991 early retirement window benefit.  


Latest version.
  • Any participant in the plan as effective September 1, 1991, who elects to retire before January 1, 1992, and who has completed at least ten years of Fulton County service and whose age and years of Fulton County service equal at least 75, shall be entitled to receive a 1991 early retirement window benefit. The amount of the 1991 early retirement window benefit, stated as a monthly amount in the form of a single life annuity for the life of the participant, shall be the participant's accrued benefit at his retirement date computed in accordance with section 154-92, without adjustment for commencement before the normal retirement date. Notwithstanding the foregoing, upon the certification of a department head filed with the board of trustees that the services of the participant are essential for the efficient operation of the employer, the retirement date of such individual may be postponed to the date specified by such department head, but in no event beyond June 30, 1992.

(91-RC-669, § 4.7, 12-18-91)