(a) Normal retirement date. A group III member shall be eligible for pension benefits on or after the group III member’s normal retirement date which shall be the last day of the month in which the earliest of the following occurs:
(1) The group III member’s years of age and years of credited service total 80; or
(2) The later of:
a. The date on which the group III member reaches age 65; or
b. The fifth anniversary of the date the group III member joined the fund.
(3) The last day of the month in which such group III member’s years of credited service total 25.
(b) Vested terminated retirement date. A vested group III member who is voluntarily or involuntarily separated from the service of the city shall be eligible for pension benefits on or after such group III member’s vested termination date which shall be the last day of the month in which the group III member reaches age 50, or, if earlier, the last day of the month in which the group III member would have attained his or her normal retirement date had the group III member remained employed by the city.
(Ord. 20471-10-2012, § 2, passed 10-23-2012; Ord. 23516-12-2018, § 1, passed 12-11-2018)