The percentage recalculated pursuant to the provisions of section 24-51-1002 shall be multiplied by the base benefit or retirement allowance as defined in section 24-51-1702 (34), whichever is applicable, to determine the increased benefit. In no case shall the benefit paid be less than the base benefit or retirement allowance, whichever is applicable.
Source: L. 87: Entire article R&RE, p. 1071, § 1, effective July 1. L. 93: Entire section amended, p. 479, § 8, effective March 1, 1994. L. 2006: Entire section amended, p. 1502, § 42, effective June 1. L. 2010: Entire section amended, (SB 10-001), ch. 2, p. 21, § 21, effective February 23.