19-7-504. Involuntary retirement benefit. If a member is involuntarily discontinued from service after having completed 5 years of membership service but before reaching retirement eligibility under 19-7-501, the member must, upon filing an application, be paid in one of the following ways:
     (1) the full amount of the member's accumulated contributions; or
     (2) a retirement benefit beginning on the member's 50th birthday, calculated under the provisions of 19-7-502.

     History: En. 68-2614 by Sec. 14, Ch. 178, L. 1974; amd. Sec. 5, Ch. 59, L. 1977; R.C.M. 1947, 68-2614; amd. Sec. 2, Ch. 105, L. 1981; amd. Sec. 1, Ch. 116, L. 1991; amd. Sec. 147, Ch. 265, L. 1993; amd. Sec. 6, Ch. 162, L. 1995.