Section 13-548. Age-fifty-five-increased-benefits pension plan  


Latest version.
  • a.  Any
      contributor:
        (1)  who  did  not  prior  to  filing  an  application  to  become  an
      age-fifty-five-increased-benefits    pension    plan    contributor   as
      hereinafter in this subdivision  a  provided,  file  an  application  to
      become  a  twenty-year pension plan contributor pursuant to subparagraph
      (a) of paragraph one of subdivision a of section 13-547 of this  chapter
      (relating to the twenty-year pension plan); and
        (2) who is in member-service at the time of filing such application to
      become an age-fifty-five-increased-benefits pension plan contributor;
        may  by  a  written  application  duly  executed  and  filed  with the
      retirement board on or after the date of enactment of this  section  and
      prior  to  July  first,  nineteen  hundred  seventy,  elect to become an
      age-fifty-five-increased-benefits pension plan contributor commencing on
      July first, nineteen hundred seventy, and to contribute for the right to
      retire  under  the   age-fifty-five-increased-benefits   pension   plan;
      provided,  however that if any contributor filing such an application to
      become an age-fifty-five-increased-benefits pension plan contributor  is
      not  in  member-service  on  July  first, nineteen hundred seventy, such
      application shall be void and of no effect.
        b. Any contributor  in  member-service  on  June  thirtieth,  nineteen
      hundred seventy:
        (1) who is not, at the time of filing an application as hereinafter in
      this   subdivision   b  provided,  either  a  twenty-year  pension  plan
      contributor or a former twenty-year pension  plan  contributor  who,  by
      reason  of cancellation, is an age-fifty-five-increased-benefits pension
      plan contributor pursuant  to  subparagraph  (i)  of  paragraph  two  of
      subdivision  d  of  section  13-547  of  this  chapter  (relating to the
      twenty-year pension plan); and
        (2) who is in member-service at the time of filing an  application  as
      hereinafter in this subdivision b provided:
        may  by  a  written  application  duly  executed  and  filed  with the
      retirement board on or after July first, nineteen hundred seventy and no
      later than June thirtieth, nineteen hundred seventy-two, elect to become
      an age-fifty-five-increased-benefits pension  plan  contributor  and  to
      contribute     for     the     right     to     retire     under     the
      age-fifty-five-increased-benefits pension plan.
        c. The normal rate of contribution of each contributor making such  an
      election  pursuant  to  subdivision  a  or  b  of  this  section  shall,
      commencing on July first, nineteen hundred seventy, be that which  would
      have  been  established  and in effect for such contributor on such July
      first if he or she had elected, as  of  his  or  her  contribution  rate
      fixation             date,             to            become            a
      twenty-five-year-age-fifty-five-one-per-centum contributor  (as  defined
      in subdivision forty-eight of section 13-501 of this chapter).
        d.  (1)  Notwithstanding  any  other  provision of this chapter to the
      contrary, but subject to the  provisions  of  paragraph  three  of  this
      subdivision,  any  contributor  who,  on  or  after July first, nineteen
      hundred seventy:
        (a) enters member-service for the first time; or
        (b) re-enters member-service as a withdrawn contributor without  being
      entitled  to  service  credit and status prior to withdrawal as provided
      for  in  section  13-506  of  this  chapter   (relating   to   withdrawn
      contributors who re-enter service); or
        (c) re-enters member-service after having become a discontinued member
      and is not entitled, at the time of such re-entry, to service credit and
      status  prior  to withdrawal as provided for in subdivision h of section
      13-556 of this chapter (relating to credit for service and status  prior
    
      to  withdrawal  upon  restoration  of a discontinued member to service);
      shall, upon such entry or re-entry into member-service, as the case  may
      be, become an age-fifty-five-increased-benefits pension plan contributor
      and  shall  contribute  as hereinafter provided in paragraph two of this
      subdivision    d    for    the    right    to    retire    under     the
      age-fifty-five-increased-benefits pension plan.
        (2) The normal rate of contribution of each contributor who becomes an
      age-fifty-five-increased-benefits  pension  plan contributor pursuant to
      paragraph one of this subdivision d shall, commencing on the date of his
      or her entry or re-entry into member-service (as the case  may  be),  be
      that  which  would have been established for such contributor if on such
      date he or she had been eligible to elect and had elected  to  become  a
      twenty-five-year-age-fifty-five-one-per-centum  contributor  (as defined
      in subdivision forty-eight of section 13-501 of this chapter).
        (3) The provisions of paragraphs one and two  of  this  subdivision  d
      shall  be  inapplicable  to any contributor therein mentioned during any
      period wherein he or she is a twenty-year pension  plan  contributor  by
      reason  of (a) his or her election to become such a contributor pursuant
      to section 13-547 of this chapter (relating to the  twenty-year  pension
      plan)  or  (b) the provisions of paragraph five of subdivision b of such
      section  13-547  (relating  to  re-entry  of  twenty-year  pension  plan
      contributors into member-service).
        e.  (1)  Notwithstanding  any  other  provision of this chapter to the
      contrary, any contributor:
        (a) who, on or after July first, nineteen hundred seventy:
        (i)  re-enters  member-service  after  being  a  retired   contributor
      immediately prior to such re-entry; or
        (ii)  re-enters  member-service as a withdrawn contributor entitled to
      credit for  service  and  status  prior  to  withdrawal,  by  reason  of
      qualification  for  such  credit  under  section  13-506 of this chapter
      (relating to withdrawn contributors who re-enter service); or
        (iii) re-enters member-service  after  having  become  a  discontinued
      member  and is entitled, at the time of such re-entry, to service credit
      and status prior to withdrawal as  provided  for  in  subdivision  h  of
      section  13-556  of  this  chapter  (relating  to credit for service and
      status prior to withdrawal upon restoration of a discontinued member  to
      service); and
        (b) who is not a twenty-year pension plan contributor by reason of his
      or  her  status  at  the time of such re-entry into member-service or by
      reason of an election made,  after  such  re-entry,  to  become  such  a
      contributor  pursuant to section 13-547 of this chapter (relating to the
      twenty-year pension plan); and
        (c) who did not previously become a fifty-five-year-increased benefits
      pension plan contributor under subdivision a, b or d of this section;
        may, by a  written  application  duly  executed  and  filed  with  the
      retirement   board   within   two   years   after   such  re-entry  into
      member-service, elect  to  become  an  age-fifty-five-increased-benefits
      pension  plan contributor and to contribute to the retirement system for
      the right to retire under the age-fifty-five-increased-benefits  pension
      plan.
        (2)  the  normal  rate  of  contribution  of any contributor making an
      election pursuant  to  paragraph  one  of  this  subdivision  e,  shall,
      commencing  upon the date of his or her re-entry into member-service, be
      that  which  would  have  been  established  and  in  effect  for   such
      contributor on such date if he or she had been eligible to elect and had
      elected,  as  of his or her contribution rate fixation date, to become a
      twenty-five-year-age-fifty-five-one-per-centum contributor  (as  defined
      in subdivision forty-eight of section 13-501 of this chapter).
    
        f.  In  any case where the provisions of law under which a contributor
      may elect  to  become  a  twenty-five-year-age-fifty-five-one-per-centum
      contributor were not in effect on the contribution rate fixation date of
      a fifty-five-year-increased-benefits pension plan contributor for whom a
      normal  rate  of  contribution  is  required  to  be  fixed  pursuant to
      subdivision c or e of this section, such rate shall be determined in the
      same manner as if such provisions of law had been in effect on such date
      and thereafter.