California Government Code

§ 21354.1

GOV § 21354.1 Effective Jan 1, 2013Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

(a)The combined current and prior service pensions for school members, state miscellaneous or state industrial members, or university members who are subject to the provisions of 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 member at the date of retirement, to equal the fraction of one-fiftieth 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 and prior service, except service in a category of membership other than that of a school member, state miscellaneous or state industrial member, or university member or service covered under this retirement formula with which the member is entitled to be credited at retirement: Age at retirement Fraction 50 0.550 50¼ 0.573 50½ 0.595 50¾ 0.618 51 0.640 51¼ 0.663 51½ 0.685 51¾ 0.708 52 0.730 52¼ 0.753 52½ 0.775 52¾ 0.798 53 0.820 53¼ 0.843 53½ 0.865 53¾ 0.888 54 0.910 54¼ 0.933 54½ 0.955 54¾ 0.978 55 1.000 55¼ 1.008 55½ 1.016 55¾ 1.024 56 1.032 56¼ 1.040 56½ 1.048 56¾ 1.055 57 1.063 57¼ 1.071 57½ 1.079 57¾ 1.086 58 1.094 58¼ 1.102 58½ 1.110 58¾ 1.118 59 1.125 59¼ 1.134 59½ 1.141 59¾ 1.149 60 1.157 60¼ 1.165 60½ 1.173 60¾ 1.180 61 1.188 61¼ 1.196 61½ 1.203 61¾ 1.211 62 1.219 62¼ 1.227 62½ 1.235 62¾ 1.243 63 and over 1.250

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Legislative history

Amended by Stats. 2012, Ch. 665, Sec. 134. (SB 1308) Effective January 1, 2013. Pursuant to subd. (e), section is conditionally operative as prescribed in Section 21251.13.