Ala. Code § 45-37A-21.244: Early Retirement Benefit.

(a) Participants in the city and other participating employing entities, except the board of health, having attained age 55 or older and completed 25 or more years of credited service, shall be entitled, upon voluntary retirement, to a monthly retirement benefit equal to 1.85 percent of the monthly final average salary of the participant multiplied by the participant’s years of credited service. Subject to Section 45-37A-51.237, the amount of any retirement benefit provided pursuant to this section shall continue to accrue throughout the life of the retiree. Survivors of participants retiring shall receive all survivors’ benefits available to normal retirees who are eligible for benefits under Section 45-37A-51.220.

(b) Notwithstanding anything to the contrary contained in this section, for all participants who first become participants on or after July 1, 2021, participants in the city and other participating constructive subsidiaries, except the board of health, having attained age 55 or older and completed 25 or more years of credited service, shall be entitled, upon voluntary retirement, to a monthly retirement benefit equal to 1.45 percent of the monthly final average salary of the participant multiplied by the participant’s years of credited service. Subject to Section 45-37A-51.237, the amount of any retirement benefit provided pursuant to this section shall continue to accrue throughout the life of the retiree. Survivors of participants retiring shall receive all survivor’s benefits available to normal retirees who are eligible for benefits under Section 45-37A-51.220 as provided under Section 45-37A-51.228.