Indiana Code 5-10-5.5-11. Early retirement
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Sec. 11. (a) Any participant who has attained the age of forty-five (45) years and has accrued at least fifteen (15) years of creditable service may retire and become eligible for benefits as provided in section 12(a) of this chapter.
(1) a participant is at least fifty-five (55) years of age; and
(b) If:
Terms Used In Indiana Code 5-10-5.5-11
- Participant: means any officer who has elected to participate in the retirement plan created by this chapter. See Indiana Code 5-10-5.5-1
(2) the sum of the participant’s years of creditable service and age in years equals at least eighty-five (85);
the participant may retire and become eligible for benefits as provided in section 12(b) of this chapter.
(c) A participant who:
(1) is at least fifty (50) years of age; and
(2) has accrued at least twenty-five (25) years of creditable service;
may retire and become eligible for benefits under section 12(b) of this chapter.
Formerly: Acts 1972, P.L.1, SEC.1. As amended by P.L.10-1995, SEC.2; P.L.180-2007, SEC.5.