California Government Code

§ 21369.2

GOV § 21369.2 Effective Jan 1, 2013Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

(a)The combined prior and current service pension for a state safety member, upon retirement after attaining the age of 55 years, is a pension derived from contributions of an employer sufficient, when added to that portion of the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of his or her retirement, to equal one-fiftieth of his or her final compensation multiplied by the number of years of state safety service, that is credited to him or her as a state safety member subject to this section at retirement.

(b)Upon retirement for service prior to attaining the age of 55 years, the percentage of final compensation payable for each year of credited service that is subject to this section shall be the product of 2 percent multiplied by the factor set forth in the following table for his or her actual age at retirement: Age at 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 1.0000 55¼ 1.0125 55½ 1.0250 55¾ 1.0375 56 1.0500 56¼ 1.0625 56½ 1.0750 56¾ 1.0875 57 1.1000 57¼ 1.1125 57½ 1.1250 57¾ 1.1375 58 1.1500 58¼ 1.1625 58½ 1.1750 58¾ 1.1875 59 1.2000 59¼ 1.2125 59½ 1.2250 59¾ 1.2375 60 and over 1.2500

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Legislative history

Amended (as amended by Stats. 2011, Ch. 296, Sec. 129) by Stats. 2012, Ch. 665, Sec. 143. (SB 1308) Effective January 1, 2013.