California Government Code

§ 21370

GOV § 21370 Effective Jan 1, 2001Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

(a)The combined prior and current service pension for local safety members with respect to service to a contracting agency subject to this section, upon retirement after attaining 56 years of age, 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 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 service credited to him or her as a local safety member subject to this section at retirement.

(b)Upon retirement for service prior to attaining 56 years of age, 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 the actual age at retirement: If retirement occurs at age: The percent for each year of credited service is: 50 .8565 50¼ .8650 50½ .8740 50¾ .8830 51 .8920 51¼ .9020 51½ .9120 51¾ .9222 52 .9330 52¼ .9410 52½ .9490 52¾ .9570 53 .9650 53¼ .9675 53½ .9700 53¾ .9725 54 .9750 54¼ .9810 54½ .9870 54¾ .9935 55 1.0000 55¼ 1.0435 55½ 1.0870 55¾ 1.1310 56 1.1750

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Legislative history

Amended by Stats. 2000, Ch. 135, Sec. 74. Effective January 1, 2001.