California Government Code

§ 31664

GOV § 31664 Effective Jan 1, 2002Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 7.5

Statute text

Notwithstanding any other provisions of this chapter, the current service pension or the current service pension combined with the prior service pension is an additional pension for safety members purchased by the contributions of the county or district sufficient when added to the service retirement annuity to equal the fraction of one-fiftieth of the member’s 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 current service or years of current and prior service with which the member is entitled to be credited at retirement, but in no event shall the total retirement allowance exceed the limitation of the safety member’s final compensation as set forth in Section 31676.1 as it now reads or may hereafter be amended to read: Age at retirement Fraction 41 .6258 41¼ .6350 41½ .6442 41¾ .6533 42 .6625 42¼ .6720 42½ .6814 42¾ .6909 43 .7004 43¼ .7102 43½ .7200 43¾ .7299 44 .7397 44¼ .7499 44½ .7601 44¾ .7703 45 .7805 45¼ .7910 45½ .8016 45¾ .8121 46 .8226 46¼ .8339 46½ .8452 46¾ .8566 47 .8678 47¼ .8780 47½ .8882 47¾ .8983 48 .9085 48¼ .9194 48½ .9304 48¾ .9413 49 .9522 49¼ .9641 49½ .9761 49¾ .9880 50 1.0000 50¼ 1.0130 50½ 1.0259 50¾ 1.0387 51 1.0516 51¼ 1.0656 51½ 1.0796 51¾ 1.0937 52 1.1078 52¼ 1.1231 52½ 1.1384 52¾ 1.1538 53 1.1692 53¼ 1.1859 53½ 1.2028 53¾ 1.2195 54 1.2366 54¼ 1.2547 54½ 1.2730 54¾ 1.2915 55 and over 1.3099 The fraction herein set forth shall be used until adjusted by each board for its retirement system in accordance with the interest and mortality tables adopted by that board. Contributions shall not be made by safety members having credit for 30 years of continuous service.

Legislative history

Amended by Stats. 2001, Ch. 32, Sec. 1. Effective January 1, 2002.