(a) For any judge, family support magistrate or administrative law judge retiring on or after July 1, 2022, the right to a retirement salary in accordance with the provisions of this section shall vest and be nonforfeitable when the judge, family support magistrate or administrative law judge (1) has attained sixty-three years of age and has twenty-five years of service as a judge, a family support magistrate or an administrative law judge, (2) has attained sixty-five years of age and has ten years of service as a judge, a family support magistrate or an administrative law judge, or (3) has thirty years of state service credit under the provisions of chapter 66, provided not less than ten years of such state service was served as a judge, a family support magistrate or an administrative law judge, and provided such state service shall not be used for retirement credit under said chapter 66. Any contributions made under said chapter 66 shall be transferred to the Judges, Family Support Magistrates and Administrative Law Judges Retirement Fund.

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(b) Any judge, family support magistrate or administrative law judge who has been refunded contributions from the State Employees Retirement Fund for any prior period of state service may receive credit for such service upon repayment of such refunded contributions with interest thereon at the rate of five per cent per year from the date of refund to the date of payment. The amount of such payment shall be transferred to the judges, family support magistrates and administrative law judges retirement system. A judge, a family support magistrate or an administrative law judge may elect to retire at any time thereafter.

(c) Each judge shall receive annually, as retirement salary, two-thirds of such judge’s salary as defined in section 51-49f, each family support magistrate shall receive annually, as retirement salary, two-thirds of such family support magistrate’s salary as defined in section 46b-233a, and each administrative law judge shall receive annually, as retirement salary, two-thirds of such administrative law judge’s salary as defined in section 51-49g; except that, if a judge, a family support magistrate or an administrative law judge has served fewer than ten years at the time of his or her retirement under this section, his or her retirement salary shall be reduced in the ratio that the number of years of his or her completed service bears to the number of years of service that would have been completed at seventy years of age or ten years, whichever is less.