Retirement provisions

Sec. 9. (a) Except as provided in subsection (b), every participant is required to retire on the first day of the month following the participant's sixty-fifth birthday. (b) An officer who becomes a participant after becoming fifty (50) years of age is required to retire on the earlier of: (1) the first day of the month following the participant's sixty-fifth birthday; or (2) the first day of the month following the completion of fifteen (15) years of service. Formerly: Acts 1972, P.L.1, SEC.1. As amended by P.L.38-1986, SEC.1; P.L.55-1987, SEC.1; P.L.55-1989, SEC.2; P.L.128-2008, SEC.2.