19-20-801 . Eligibility for service retirement. (1) A tier one member is eligible to receive a service retirement allowance calculated under 19-20-804 (1) if the member: (a) has been credited with at least 5 full years of creditable service and has attained the age of 60; or (b) has been credited with full-time or part-time creditable service in 25 or more years. (2) Except as provided in subsection (3), a tier two member is eligible to receive a service retirement allowance calculated under 19-20-804 (1) if the member: (a) has been credited with at least 5 full years of creditable service and has attained the age of 60; or (b) has been credited with full-time or part-time creditable service in 30 or more years and has attained the age of 55. (3) A tier two member who has been credited with 30 or more years of creditable service and has attained the age of 60 is eligible for a professional retirement option allowance calculated under 19-20-804 (2). (4) To receive a retirement allowance under 19-20-804 , the member must have terminated employment in all positions reportable to the retirement system and must file a written application with the retirement board. (5) A vested member who has attained normal retirement age has a nonforfeitable right to the benefits accrued and payable under the provisions of this chapter, subject to the member's right to a refund of the member's accumulated contributions under 19-20-603 .
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