Section 24-8-501 - Municipal or police judges(a)(1) Any person who has held office as municipal judge or police judge for a period of thirty (30) years or more shall receive during the remainder of his or her life, as a pension, one-half (½) of the salary payable to the municipal judge of the court he or she served upon his or her retirement from office.(2) The pension shall be payable in the same manner as the salary of the municipal judge is paid.(b)(1) Any person who has held the office of municipal judge and, upon retirement, has accumulated not less than twenty (20) years or more of service as municipal judge or police judge shall, upon reaching sixty (60) years of age, receive, as a pension for the remainder of his or her life, an amount which shall be based on the salary payable to the judge of the municipal court on which he or she served prior to his or her retirement from office.(2) The amount shall be one-half (½) of the salary which was payable to the municipal judge of the court on July 1, 1973, but in no event shall that person receive less than one-half (½) of the annual salary which was paid to him or her at the time of his or her retirement or at the time that he or she was succeeded by another judge.(3) The pension shall be payable in the same manner as the salary of the municipal judge is paid.(4) Any municipal judge who is entitled to a pension under any previous act shall be entitled to receive his or her pension benefits under this section.(c)(1) Any person who has served four (4) or more years as a member of the General Assembly and has held the office of municipal judge and, upon retirement, has accumulated not less than twelve (12) years of service as municipal judge shall receive, upon reaching sixty (60) years of age, as a pension for the remainder of his or her life, an amount which shall be based on the salary payable to the judge of the municipal court on which he or she served prior to retirement from office.(2) The amount shall be three-tenths (3/10) of the salary of the present municipal judge, but in no event shall that person receive less than three-tenths (3/10) of the salary which was paid to him or her at the time of his or her retirement or at the time he or she was succeeded by another judge.(3) The pension shall be paid in the same manner as provided in this section for judges having twenty (20) years or more of service.Acts 1953, No. 160, § 1; 1969, No. 279, § 1; 1971, No. 62, § 1; 1973, No. 480, § 1; 1975, No. 998, § 1; A.S.A. 1947, § 22-739; Acts 1995, No. 555, § 1.