Any employee who meets the requirement stated in § 7031 of this title, shall be entitled to receive a retirement pension as provided below:
(a) For those employees who have completed twenty-five (25) years or more of creditable service and have attained the age of fifty (50) years or more shall receive a retirement annuity equal to seventy-five percent (75%) of the average salary.
(b) For those employees who have completed twenty-five (25) years of creditable service or more, but have not yet attained the age of fifty (50) years, shall receive a retirement pension equal to sixty-five percent (65%) of the salary.
History —July 13, 2000, No. 119, § 3.