a. In any first or second class county of this State any sheriff's employee who shall
now or hereafter have served as such for a continuous period of 20 years, and shall
have reached the age of 60 years, shall, upon application in writing to the board
of chosen freeholders of the county, be retired upon half pay.
b. Should any member of the pension fund created pursuant to R.S. 43:10-69, after having completed 10 years of service for which credit has been established
in the pension fund, be separated voluntarily or involuntarily from the service, before
reaching age 60, and not by removal for cause or charges of misconduct or delinquency,
he may elect to withdraw his contributions to the fund or receive a deferred pension
beginning at age 60 which shall be made up of an annuity derived from the accumulated
deductions standing to the credit of the individual member's account in the annuity
savings fund at the time of his severance from service, together with regular interest
and a pension which when added to the annuity will produce a total retirement allowance
of 1/60 of the annual salary the member was receiving at the time he became separated
from service, for each year of creditable service.
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