52. The Commission shall grant an annual retirement pension to every employee who applies for it and who
(a) has attained 60 years of age; or
(b) has attained normal retirement age, namely, 65 years of age; or
(c) has, in years of age and years of service, including the years for which a paid-up annuity or pension credit has been redeemed, a combined total of 90 or more.
In the case contemplated in subparagraph a, the pension is reduced for its term by one-half of one per cent computed for each month falling between the date on which the pension is granted to the employee and the nearest date on which it would otherwise have been granted to him under subparagraph b or c.
In the case contemplated in subparagraph c of the first paragraph, if the employee is under sixty years of age at his retirement, the pension is reduced for its term by 1/2 of 1%, computed for each month falling between the date on which the pension is granted and the date of the employee’s sixtieth birthday.
1973, c. 12, s. 45; 1980, c. 18, s. 5; 1982, c. 51, s. 11.