Each retirant who has a minimum of ten years of credited service and whose service retirement allowance is less than $50 per month, shall be paid an amount which, together with the retirant's retirement allowance, equals the sum of $50 per month.

[L 1943, c 130, §1; RL 1945, §709, subs 1; RL 1955, §6-43; am L 1957, c 143, §7; HRS §88-80; am L 1969, c 110, pt of §1 and c 127, §32; gen ch 1985; am L 1998, c 151, §15]