Section 13-208. Extra service pension credit  


Latest version.
  • Except  as  provided  in
      subdivisions a and b of section 13-206 of this subchapter:
        1. A member who shall have elected  to  contribute  on  the  basis  of
      retirement after twenty years of service, upon completing such period of
      service,  may continue in the service. In such event and upon retirement
      for service, there shall be added to his or her annual  service  pension
      one-sixtieth  of  the salary received at the date of retirement for each
      completed additional year of service, during which years such deductions
      shall have been made. Any such member upon completing twenty-five  years
      of  service,  shall  have  such  deductions made at the rate of five per
      cent, in which event and upon retirement for  service,  such  additional
      amounts also shall be added to his or her annual service pension for the
      years  during  which deductions shall have been made at the rate of five
      per cent.
        2. A member who shall have elected  to  contribute  on  the  basis  of
      retirement  after  twenty-five  years  of  service, upon completing such
      period of service, may continue in the  service.  In  such  event  there
      shall  be added to his or her annual service pension upon retirement for
      service one-sixtieth of the salary received at the  date  of  retirement
      for  each  completed additional year of service, during which years such
      deductions shall have been made at the rate of five per cent.