§ 510. Superannuation retirement.
1.Retirement upon a superannuation\nallowance shall be made under the following conditions:\n a. A member who has completed twenty-five years of total credited\nservice and who has attained the age of sixty years or over while in\nservice, or any member who has completed thirty-five years of total\ncredited service shall be retired, if he files with the retirement board\na statement duly attested setting forth at what time not less than\nthirty days nor more than ninety days subsequent to the execution and\nfiling thereof he desires such retirement.\n b. Any member who has attained age seventy may be retired at his own\nrequest or at the request of his employer if he or his employer files\nwith the retirement board a statement duly attested setting fo
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§ 510. Superannuation retirement. 1. Retirement upon a superannuation\nallowance shall be made under the following conditions:\n a. A member who has completed twenty-five years of total credited\nservice and who has attained the age of sixty years or over while in\nservice, or any member who has completed thirty-five years of total\ncredited service shall be retired, if he files with the retirement board\na statement duly attested setting forth at what time not less than\nthirty days nor more than ninety days subsequent to the execution and\nfiling thereof he desires such retirement.\n b. Any member who has attained age seventy may be retired at his own\nrequest or at the request of his employer if he or his employer files\nwith the retirement board a statement duly attested setting forth at\nwhat time subsequent to the execution and filing thereof retirement is\ndesired, and if throughout the year immediately preceding the filing of\nsuch statement he shall have been in service as a teacher in this state.\nThe retirement board shall retire said member as of the date so\nspecified or as of such other time within thirty days thereafter as the\nretirement board may find advisable.\n 2. Upon superannuation retirement a member shall receive a\nsuperannuation retirement allowance which shall consist of:\n a. An annuity which shall be the actuarial equivalent of his\naccumulated contributions at the time of his retirement, and\n b. A pension of one quarter (1/4) of his final average salary or if\nhis total service is less than twenty-five years, a pension of one\none-hundredth (1/100) of his final average salary multiplied by the\nnumber of years of total service, and\n c. A further pension of one one-hundred fortieth (1/140) of his final\naverage salary multiplied by the number of years of total state service\nin excess of thirty-five years, and\n d. If the member be a present teacher, a further pension of one\none-hundred fortieth (1/140) of his final average salary multiplied by\nthe number of years of total service certified on his prior service\ncertificate, and\n e. If the member has contributed pursuant to paragraph c of\nsubdivision three of section five hundred sixteen, a further pension of\none one-hundred twentieth (1/120) of his final average salary for each\nyear of total service in excess of twenty-five years but not in excess\nof thirty-five years, nor in excess of the number of years for which\ncredit is allowed under paragraph d of subdivision three of section five\nhundred sixteen, and\n f. A further pension, of such amount as shall be required to bring the\ntotal retirement allowance of members with twenty-five or more years of\nstate service up to four hundred dollars per annum, and\n g. The provision of paragraph (c) of subdivision two of this section\nshall apply only to members retiring on and after the date on which\nparagraph (c) of subdivision two of this section becomes operative.\n