How are benefits determined if a Legislator retires from the LRS?
For all legislators retiring on or after July 1, 1975, the monthly retirement allowance is $25 for each year of service up to 30 years of service. Fractions of a year will be included in this computation. For instance, a legislator at age 60, with 8 years of service (election prior to July 1, 1985) could receive a maximum of $200 per month (8 x $25) or as another example, $750 per month with 30 years of service (30 x $25).
