19-8-604. Early retirement benefit. If a member is discontinued from service after having completed 5 years of membership service but before reaching normal retirement age, the member must, upon filing a written application with the board, be paid a service retirement benefit beginning on the member's 55th birthday calculated under the provisions of 19-8-603.

     History: En. Sec. 15, Ch. 130, L. 1963; amd. Sec. 10, Ch. 8, L. 1977; R.C.M. 1947, 68-1415; amd. Sec. 4, Ch. 592, L. 1981; amd. Sec. 5, Ch. 53, L. 1983; amd. Sec. 169, Ch. 265, L. 1993; amd. Sec. 7, Ch. 223, L. 1997; amd. Sec. 84, Ch. 429, L. 2003.