§ 38.046 RATE OF RETIREMENT ANNUITY.

The rate of retirement annuity is 2% of average salary for each year of total service up to and including 20 years and 1% of average salary for each year of total service after 20 years, subject to a maximum of 65% of average salary. Fractional periods of service shall be considered in the calculation of the annuities according to the aforesaid rate.

(1995 Code, § 2.88.110)

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