15-5-409. Amount of service pension.
(a) The amount of the monthly service pension payable to a retired member is:
(i) Two and eight-tenths percent (2.8%) of his final average compensation multiplied by the number of years in his first twenty-five (25) years of his period of credited service.
(ii) Repealed By Laws 2000, Ch. 43, § 2.
(iii) Repealed By Laws 2008, Ch. 112, § 2.
(b) For purposes of this section, credited service shall be measured in years taken to the nearest twelfth (1/12) of a year.
(c) Benefits shall not be payable under the pension system to the extent that they exceed the limitations imposed by section 415(b) of the Internal Revenue Code.
Structure Wyoming Statutes
Chapter 5 - Fire and Police Departments
Article 4 - Firemen's Pension Account Reform Act of 1981
Section 15-5-402 - Definitions.
Section 15-5-403 - Eligibility for Service Pension.
Section 15-5-404 - Vesting Rights; Return to Service.
Section 15-5-405 - Eligibility for Disability Pension.
Section 15-5-406 - Survivor Benefits.
Section 15-5-407 - Payment of Service or Early Retirement Pensions.
Section 15-5-408 - Payment of Disability Pension.
Section 15-5-409 - Amount of Service Pension.
Section 15-5-411 - Amount of Disability Pension.
Section 15-5-412 - Amount of Survivor's Pension.
Section 15-5-413 - Optional Forms of Benefits.
Section 15-5-414 - Death Benefit.
Section 15-5-415 - Withdrawal Benefit.
Section 15-5-417 - Application of Benefits.
Section 15-5-418 - Election of Membership.
Section 15-5-419 - Dual Membership Prohibited.
Section 15-5-420 - Member Contributions.