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This entry was published on 2014-09-22
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Benefit enhancements
Retirement & Social Security (RSS) CHAPTER 51-A, ARTICLE 23
§ 1302. Benefit enhancements. Notwithstanding any other law to the
contrary, eligible employees shall be permitted to retire, without
penalty, upon reaching age fifty-seven and completing at least thirty
years of credited service. Employees retiring pursuant to this section
shall receive a pension allowance equal to the sum of thirty-five per
centum and one-fiftieth of final average salary for each year of service
in excess of twenty times final average salary times years of credited