§ 154-339. Vested monthly pension benefits.

Whenever any person participating under this plan shall have completed at least ten years of active service with such county and not yet have reached the age of 65 years, then such person shall have the right to terminate such person's employment with such county, elect not to withdraw or have paid to such person the amount which said person would have paid into the pension fund prior to terminating such person's employment, and upon subsequently attaining 65 years of age, commence to receive at said time and be paid a monthly pension benefit hereinafter referred to as a "vested monthly pension benefit" which shall be the same amount which such individual would have received had he retired at age 65; provided, however, that no person shall be entitled to benefits under this section, unless the benefits to which he would be entitled at age 65 would equal or exceed any minimum pension benefit which would be required to be paid to such person under other provisions of law at the time that such person terminated his employment with the county.

(Code 1983, § 24-3-59)