§ 9-3-610 — Amount of benefit

(a) The service retirement allowance payable to an
employee under this article at age fifty (50) shall be equal to
two and one-half percent (2.5%) of the employee's highest
average salary for each year of credited service in the program,
provided the retirement allowance does not exceed seventy-five
percent (75%) of the highest average salary.
(b) Subject to subsection (c) of this section, effective
July 1, 1991, the amount of allowance being paid under
subsection (a) of this section shall be increased as follows:
(i) For persons who retired prior to July 1, 1978,
eleven dollars ($11.00) per month for each year of service in
Wyoming;
(ii) For persons who retired on or after July 1, 1978
but prior to July 1, 1980, six dollars ($6.00) per month for
each year of service in Wyoming;
(iii) For persons who retired on or after July 1,
1980 but prior to July 1, 1985, three dollars ($3.00) per month
for each year of service in Wyoming;
(iv) For persons who retired on or after July 1, 1985
but prior to July 1, 1987, one dollar ($1.00) per month for each
year of service in Wyoming.
(c) The increases specified in subsection (b) of this
section apply only if the legislature appropriates the necessary
funds and only for persons with full-time service who submit to
the board an application for the increase accompanied by an
affidavit verifying the applicant's service and retirement.
(d) Repealed By Laws 2012, Ch. 107, § 3.
(e) In addition to subsections (a), (b) and (d) of this
section, the service retirement allowance payable under this
article for persons retired prior to April 1, 1996, shall be
increased by five dollars ($5.00) per month for each year of
service in Wyoming.
(f) Benefits and allowances shall not be payable under
this article to the extent that they exceed the limitations
imposed by section 415(b) of the Internal Revenue Code.