§ 154-336. Normal retirement benefits.

All officers and employees of Fulton County who shall be participants under this plan and who shall retire as a matter of right from creditable service shall receive a monthly pension benefit hereinafter set forth and referred to as a "normal monthly pension benefit." Such normal monthly pension benefit shall be equal to two percent of such person's average monthly earnings multiplied by the number of such person's average monthly earnings multiplied by the number of such person's years, or fraction thereof, of creditable service, or in the case of the individuals specified in subsection (4) of this section, a minimum of $500.00 per month. Years of creditable service shall include accumulated unused sick leave days credited to such employee or officer, not to exceed a total of 90 working days or 4½ months' maximum. The following classes of persons shall be entitled to a normal monthly pension benefit upon their retirement from active service:

(1)

Individuals 60 years of age or older with 15 years of creditable service;

(2)

Individuals 65 years of age or older with ten years of creditable service;

(3)

Individuals 55 years of age or older with 30 years of creditable service;

(4)

Any elected official or department head participating in the Fulton County Employees' Pension Fund who shall resign, shall fail to be reelected, or to offer for reelection, or shall fail to be reappointed, or shall be removed by operation of law, or who shall be requested to resign their office or whose office shall be abolished, provided that such individual has at least ten years of creditable service; or

(5)

Current average cost-of-living index. Any individual who is retired by operation of law with ten or more years of actual service, with the exception of individuals whose employment is terminated for cause.

(Code 1983, § 24-3-56)