Subchapter 5: PAYMENT OF BENEFITS HEADING: PL 1985, C. 507, §1 (NEW)
§852. Retirement benefits
The service retirement allowance of a member shall be determined under this chapter in effect on the member's date of final
termination of service. Subject to the minimum benefit provided for in paragraph B, the total amount of the retirement allowance
of a member retired in accordance with section 851 shall be equal to:
A. One-fiftieth of the member's average final compensation multiplied by the number of years of creditable service allowed
under section 802; and [1985, c. 507, §1 (NEW).]
B. Any member who has 10 or more years of creditable service at retirement shall be entitled to a minimum of $100 per month. [1985, c. 507, §1 (NEW).]
1985, c. 507, §1 (NEW)
1985, c. 507, §1 (NEW).
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