LD 2431
pg. 2
Page 1 of 5 An Act to Change the Retirement Eligibility Requirements for Certain Employees ... Page 3 of 5
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LR 3853
Item 1

 
A.__If all of the member's creditable service in any one or
a combination of the capacities specified in subsection 1
was earned after June 30, 1998 for employees identified in
subsection 1, paragraphs A to H, after December 31, 1999 for
employees identified in subsection 1, paragraphs I to K and
after July 31, 2000 for employees identified in subsection
1, paragraph L or if service credit was purchased by
repayment of an earlier refund of accumulated contributions
for service after June 30, 1998 for employees identified in
subsection 1, paragraphs A to H, after December 31, 1999 for
employees identified in subsection 1, paragraphs I to K and
after July 31, 2000 for employees identified in subsection
1, paragraph L, in any one or a combination of the
capacities specified in subsection 1, or if service credit
was purchased by other than the repayment of an earlier
refund and eligibility to make the purchase of the service
credit, including but not limited to service credit for
military service, was achieved after June 30, 1998 for
employees identified in subsection 1, paragraphs A to H,
after December 31, 1999 for employees identified in
subsection 1, paragraphs I to K and after July 31, 2000 for
employees identified in subsection 1, paragraph L, the
benefit must be computed as provided in section 17852,
subsection 1, paragraph A.

 
(1)__If the member had 10 years of creditable service
on July 1, 1993, the benefit under subsection 2,
paragraph B must be reduced as provided in section
17852, subsection 3, paragraphs A and B.

 
(2)__If the member had fewer than 10 years of
creditable service on July 1, 1993, the benefit under
subsection 2, paragraph B must be reduced by 6% for
each year that the member's age precedes 55 years of
age.

 
B.__Except as provided in paragraphs C and D, if some part of the
member's creditable service in any one or a combination of the
capacities specified in subsection 1 was earned before July 1,
1998 for employees identified in subsection 1, paragraphs A to H,
before January 1, 2000 for employees identified in subsection 1,
paragraphs I to K and before August 1, 2000 for employees
identified in subsection 1, paragraph L and some part of the
member's creditable service in any one or a combination of the
capacities specified in subsection 1 was earned after June 30,
1998 for employees identified in subsection 1, paragraphs A to H,
after December 31, 1999 for employees identified in subsection 1,
paragraphs I to K and after July 31, 2000 for employees
identified in subsection 1, paragraph L then the


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