California Education Code

§ 24203.5

EDC § 24203.5 Effective Jan 1, 2015Div. 1 · Title 1 · Part 13 · Ch. 27

Statute text

(a)The percentage of final compensation used to compute the allowance pursuant to Section 24202.5, 24203, 24205, 24209, 24209.3, 24210, 24211, 24212, or 24213 of a member retiring on or after January 1, 1999, who has 30 or more years of credited service, shall be increased by two-tenths of 1 percentage point, provided that the sum of the percentage of final compensation used to compute the allowance, including any adjustments for retiring before the normal retirement age, and the additional percentage provided by this section does not exceed 2.40 percent.

(b)For purposes of establishing eligibility for the increased allowance pursuant to this section only, credited service shall exclude service credited pursuant to the following:

(1)Section 22714.

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Legislative history

Amended by Stats. 2014, Ch. 755, Sec. 31. (SB 1220) Effective January 1, 2015.