(a) Normal retirement date. A participant's normal retirement date is the first day of the month coinciding with or next following the earlier of:
(1) for a participant hired before July 1, 1999, the participant's 60th birthday or the completion of 30 years of credited service;
(2) except as otherwise provided in this subsection, for a participant hired on or after July 1, 1999 and before July 1, 2015:
(i) the participant's 60th birthday and completion of actual plan service plus transferred service under § 5-1-302 totaling five years; or
(ii) the completion of 30 years of credited service;
(3) except as otherwise provided in this subsection, for a participant hired on or after July 1, 2015:
(i) the participant's 60th birthday and completion of actual plan service plus transferred service under § 5-1-302 totaling 10 years; or
(ii) the completion of 30 years of credited service;
(4) for a participant in the Employees' Retirement Plan who is a County Councilmember whose first term begins on or after December 1, 2014:
(i) the participant's 60th birthday and completion of actual plan service plus transferred service under § 5-1-302 totaling 10 years; or
(ii) the completion of 30 years of credited service; or
(i) the participant's 60th birthday and completion of actual plan service plus transferred service under § 5-1-302 totaling eight years; or
(ii) the completion of 30 years of credited service.
(b) Early retirement date. A participant's early retirement date is the first day of the month coinciding with or next following the participant's 50th birthday and the completion of 20 years of credited service.
(1985 Code, Art. 7, § 3-302) (Bill No. 90-01; Bill No. 97-13)