California Government Code

§ 31676.14

GOV § 31676.14Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 8

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 members purchased by the contributions of the county or district sufficient, when added to the service retirement annuity, to equal the fraction of one-sixtieth 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 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 member’s final compensation. Age at Retirement Fraction 50 .8850 50¼ .8987 50½ .9125 50¾ .9262 51 .9399 51¼ .9549 51½ .9699 51¾ .9849 52 1.0000 52¼ 1.0111 52½ 1.0223 52¾ 1.0335 53 1.0447 53¼ 1.0597 53½ 1.0747 53¾ 1.0898 54 1.1048 54¼ 1.1207 54½ 1.1367 54¾ 1.1526 55 1.1686 55¼ 1.1855 55½ 1.2025 55¾ 1.2195 56 1.2365 56¼ 1.2547 56½ 1.2729 56¾ 1.2911 57 1.3093 57¼ 1.3221 57½ 1.3350 57¾ 1.3479 58 1.3608 58¼ 1.3736 58½ 1.3865 58¾ 1.3994 59 1.4123 59¼ 1.4251 59½ 1.4380 59¾ 1.4509 60 1.4638 60¼ 1.4766 60½ 1.4895 60¾ 1.5024 61 1.5153 61¼ 1.5281 61½ 1.5410 61¾ 1.5539 62 and over 1.5668 In any county operating under this section any limitations in any provisions of this chapter upon the amount of compensation used for computing rates of contributions shall be disregarded. Wherever in this chapter reference is made to survivorship benefits and rights under Section 31676.1, the same shall apply to this section. This section shall not be operative in any county until adopted by a resolution of the board of supervisors.

Legislative history

Amended by Stats. 1976, Ch. 1436.