The former Plan A members will have the benefits set forth in §§
2-709.30 through
2-709.56 after their enrollment in the system, unless this chapter is amended prior to that date.
As set forth in §
2-709.13A, the contribution rate shall be 5% of compensation, plus $1 per month.
Superannuation retirement age shall be 50 years of age. No early
retirement is available to former Plan A members.
Notwithstanding the provisions of §
2-709.33, no superannuation retirement allowance based on 20 years of credited service shall be less than $4,000 per year, and no superannuation retirement allowance based on less than 20 years of credited service shall be less than $4,000 per year multiplied by a fraction equal to the number of years of credited service divided by 20.