Wyoming § 15-5-409 Amount of service pension

Wyoming Statutes

§ 15-5-409 — Amount of service pension

Wyoming·Title 15 Cities and Towns·Ch. 5 FIRE AND POLICE DEPARTMENTS·Art. 4 FIREMEN'S PENSION ACCOUNT REFORM ACT OF 1981

(a)The amount of the monthly service pension payable to a retired member is:

(i)Two and eight-tenths percent (2.8%) of his final average compensation multiplied by the number of years in his first twenty-five (25) years of his period of credited service.

(ii)Repealed By Laws 2000, Ch. 43, § 2.

(iii)Repealed By Laws 2008, Ch. 112, § 2.

(b)For purposes of this section, credited service shall be measured in years taken to the nearest twelfth (1/12) of a year.

(c)Benefits shall not be payable under the pension system to the extent that they exceed the limitations imposed by section 415(b) of the Internal Revenue Code.

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(a) The amount of the monthly service pension payable to a
retired member is:
(i) Two and eight-tenths percent (2.8%) of his final
average compensation multiplied by the number of years in his
first twenty-five (25) years of his period of credited service.
(ii) Repealed By Laws 2000, Ch. 43, § 2.
(iii) Repealed By Laws 2008, Ch. 112, § 2.
(b) For purposes of this section, credited service shall
be measured in years taken to the nearest twelfth (1/12) of a
year.
(c) Benefits shall not be payable under the pension system
to the extent that they exceed the limitations imposed by
section 415(b) of the Internal Revenue Code.

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