(a) Normal retirement date. A group II member hired on or after July 1, 2011, shall be eligible for pension benefits on or after the group II member’s normal retirement date which shall be the last day of the month in which the group II member reaches age 55, and in which the earliest of the following occurs:
(1) The group II member’s years of age (minimum age of 55) and years of credited service total 80; or
(2) The later of:
a. The date on which the group II member reaches age 65; or
b. The fifth anniversary of the date the group II member joined the fund.
(b) Vested terminated retirement date. A vested group II member hired on or after July 1, 2011, who is voluntarily or involuntarily separated from the service of the city prior to their normal retirement date shall be eligible for pension benefits on or after such group II member’s vested termination date which shall be the last day of the month in which the group II member reaches age 55, and in which the group II member’s years of age (minimum age of 55) and years of service total 80.
(Ord. 20471-10-2012, § 2, passed 10-23-2012; Ord. 23516-12-2018, § 1, passed 12-11-2018)