California Government Code

§ 21363

GOV § 21363 Effective Jan 1, 2013Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

(a)The combined current and prior service pensions for state peace officer/firefighter members subject to this section with respect to state peace officer/firefighter service and the combined current and prior service pensions for local safety members with respect to local safety service rendered to a contracting agency that is subject to this section is a pension derived from the contributions of the employer sufficient when added to the service retirement annuity that is derived from the accumulated normal contributions of the state peace officer/firefighter or local safety member at the date of his or her retirement to equal the fraction of one-fiftieth of his or her final compensation set forth opposite his or her age at retirement taken to the preceding completed quarter year, in the following table, multiplied by the number of years of state peace officer/firefighter service or local safety service subject to this section with which he or she is credited at retirement: Age at Retirement Fraction 50 1.0000 5014 1.0125 5012 1.0250 5034 1.0375 51 1.0500 5114 1.0625 5112 1.0750 5134 1.0875 52 1.1000 5214 1.1125 5212 1.1250 5234 1.1375 53 1.1500 5314 1.1625 5312 1.1750 5334 1.1875 54 1.2000 5414 1.2125 5412 1.2250 5434 1.2375 55 and over 1.2500

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Legislative history

Amended by Stats. 2012, Ch. 665, Sec. 136. (SB 1308) Effective January 1, 2013.