(A) A police officer of a city of the first class may:
(1) Elect to retire and receive the applicable pension benefit provided in § 35.081 based on his or her full retirement value upon the attainment of age 60;
(2) Elect to take early retirement and receive the applicable pension benefit provided in § 35.081 if he or she has attained the age of 55 and has completed 25 years of service with the city; or
(B) A police officer who is eligible to retire pursuant to division (A) of this section, but does not, shall continue to contribute to his or her employee account and the city shall continue to contribute to his or her employee account and to his or her employer account.
(C) The first of the month immediately following the last day of work shall be the retirement date.
(Prior Code, § 30-68)
Statutory reference:
Similar provisions, see Neb. RS 16-1008