All persons who shall participate under this plan may, as a matter of right, retire
from active service and receive an early retirement benefit, provided such person
shall have served 15 years in the active service of such county. Such early retirement
benefit shall be a pension equal to a normal monthly pension benefit less one-half
of one percent per month for each month not to exceed 60 months that the officer or
employee lacks in being 60 years of age, and one-quarter of one percent per month
of each month in excess of 60 months that the officer or employee lacks in being 60
years of age, provided that no person shall be entitled to retire under the provisions
of this section unless the pension benefit computed hereunder, less the penalties
provided for, shall equal or exceed any minimum pension benefit which would be required
to be paid to such person under other provisions of law; provided, however, as to
any officer or employee coming under the terms of this division who was in the employment
of Fulton County prior to the effective date of this division, such officer or employee
may elect a monthly pension benefit, hereinafter referred to as "reduced monthly pension
benefit," provided that such person shall have served 25 years and shall have attained
the age of 55 years. Said reduced monthly pension benefit shall be equal to a normal
pension benefit, less
1/12
of two percent per month for each month the officer or employee lacks in being 60
years of age.
(Code 1983, § 24-3-58)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
