§ 40-214. Normal Retirement Age.

(1)

The normal retirement age for any participant eligible for normal retirement prior to October 1, 2011, shall be the first day of the month on which or after the participant attains:

(a)

age fifty (50) and ten (10) vesting credits; or

(b)

attains twenty (20) vesting credits regardless of age.

(2)

The normal retirement age for any participant not eligible for normal retirement prior to October 1, 2011, shall be the first day of the month on which or after the participant attains:

(a)

age fifty-five (55) and ten (10) vesting credits; or

(b)

attains twenty (20) vesting credits regardless of age.

(Ord. No. 90-33, Ch. II, § 5-4, 5-21-91; Ord No. 93-10, § 2, 9-21-93; Ord. No. 2000-09, § 2, 8-15-00; Ord. No. 2011-07, § 2, 8-16-11)