California Government Code

§ 21354

GOV § 21354 Effective Jan 1, 1996Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

The combined current and prior service pensions for a local miscellaneous member is a pension derived from the contribution of the employer sufficient, when added to the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of retirement, to equal the fraction of one-fiftieth of the member’s final compensation set forth opposite the member’s age at retirement, taken to the preceding completed quarter year, in the following table, multiplied by the number of years of current and prior service except service in a category of membership other than that of local miscellaneous member with which the member is entitled to be credited at retirement: Age of Retirement Fraction 50 0.713 50¼ 0.725 50½ 0.737 50¾ 0.749 51 0.761 51¼ 0.775 51½ 0.788 51¾ 0.801 52 0.814 52¼ 0.828 52½ 0.843 52¾ 0.857 53 0.871 53¼ 0.886 53½ 0.902 53¾ 0.917 54 0.933 54¼ 0.950 54½ 0.966 54¾ 0.983 55 1.000 55¼ 1.007 55½ 1.013 55¾ 1.020 56 1.026 56¼ 1.033 56½ 1.039 56¾ 1.046 57 1.052 57¼ 1.059 57½ 1.065 57¾ 1.072 58 1.078 58¼ 1.085 58½ 1.091 58¾ 1.098 59 1.105 59¼ 1.111 59½ 1.118 59¾ 1.124 60 1.131 60¼ 1.137 60½ 1.144 60¾ 1.150 61 1.157 61¼ 1.163 61½ 1.170 61¾ 1.176 62 1.183 62¼ 1.189 62½ 1.196 62¾ 1.202 63 1.209 The fraction specified in the above table shall be reduced by one-third as applied to that part of final compensation that does not exceed four hundred dollars ($400) per month for all services of a member any of whose service has been included in the federal system. This reduction shall not apply to a member employed by a contracting agency that enters into a contract after July 1, 1971, and who elects not to be subject to this paragraph or with respect to service rendered after the termination of coverage under the federal system with respect to the coverage group to which the member belongs. This section shall supersede Section 21353 with respect to all local miscellaneous members who retire after the date this section becomes applicable to their respective employers. This section shall not apply to a contracting agency nor its employees until the contracting agency elects to make all local miscellaneous members subject to it by amendment to its contract made in the manner prescribed for approval of contracts or in the case of a new contract, by express provision of the contract. The operative date of this section with respect to a local miscellaneous member shall be the effective date of the amendment to his or her employer’s contract electing to be subject to this section.

Legislative history

Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.