19-3-902. Eligibility for early retirement. (1) A member hired prior to July 1, 2011, who:

(a) is not eligible for service retirement but has attained age 50 and has 5 years of membership service is eligible for early retirement; or

(b) has completed 25 years or more of membership service is eligible for early retirement.

(2) A member hired on or after July 1, 2011, who is not eligible for service retirement but has attained age 55 and has 5 years of membership service is eligible for early retirement.