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