§ 32-105. Mandatory retirement for age.

Latest version.

(a)

When a regular member of either the Pre-1967 Police Pension Fund of Danbury or the 1967 Police Pension Fund of Danbury has reached the age of sixty-five (65) years, such member shall be retired on the day following attainment of such age, and that member shall be retired on an annual pension, payable monthly, equal in amount to not less than one-half (½) pay, plus an additional two (2) percent of pay for each year of service in excess of twenty-five (25) years, but in no case shall his annual pension be greater than sixty-eight (68) percent of pay.

(b)

When a regular member of the 1983 Police Pension Fund of Danbury has reached the age of sixty-five (65) years, he shall be retired on the day following attainment of such age, and that member shall be retired on an annual pension, payable monthly, equal in amount of two (2) percent of pay for each year of service, but in no case shall such member's annual pension be greater than sixty-eight (68) percent of pay.

(Code 1961, § 14-53; Ord. No. 432, 1-7-1992)

                    
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