Retirement: [Any Member of the Fund]

With the exception of members of the Fund prior to the effective date of this Section, any member of the Fund may retire:

(a)On a service retirement annuity, upon written application to and approval of the Board; provided that such member shall have attained at least sixty-five

(65)years of age or sixty

(60)years of age in the case of a member of the uniformed personnel, and shall have completed at least fifteen

(15)years of total service;

(b)if he or she is a member of the uniformed personnel he or she shall, upon retirement, be placed one rank grade above that held by him on the date of retirement;

(c)if he or she has completed thirty

(30)years of service he or she may retire and shall be entitled to full retirement annuity.

(d)at his option, whether active or inactive, he or she may retire after twenty-five

(25)years of service regardless of age. The retirement annuity for any employee or member described in this Paragraph shall be reduced one quarter (¼) of one percent (1%) for each month such employee or member is under the age of sixty-five

(65)years, from the amount determined for such employee or member as hereinafter provided.