Age and Service Requirement
When a member has accumulated a minimum 10 years of membership service, has reached the age of 55, and has terminated his employment as a peace officer, he may be eligible for retirement benefits. Any member who has accumulated a total of 30 years of creditable service may qualify for retirement benefits regardless of age upon termination of his employment as a peace officer. The amount of monthly pension is currently based on $24.41 per month for each full year of service as a peace officer, plus 1/12th of $24.41 per month for each additional full month. This amount is payable based on a minimum service of 10 years and a maximum of 30 years.
Before any retirement benefits can be received, the officer must terminate all peace officer employment. ****Effective July 1, 2002 members having obtained thirty years of service credit with the Peace Officers' Annuity & Benefit Fund and age fifty-five may receive benefits without retiring from law enforcement by making application to the Fund.
Retired officers, with less than thirty years of service credit, are eligible to return to peace officer employment not to exceed 1,040 hours per calendar year. Should they return to full time peace officer employment, their pension payments will be stopped during such time. During any period of reemployment, the officer must pay monthly dues to maintain their rights to any benefits available as for any other dues-paying member. If a retired officer is reemployed for the minimum period of three years and has paid the required dues for such time, he may again apply for retirement.