California Government Code

§ 21362

GOV § 21362 Effective Jun 25, 2001Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

(a)The current service pension for patrol members and the combined current and prior service pensions for local safety members with respect to local safety service rendered to a contracting agency that is subject to 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 patrol member or local safety member at the date of his or her retirement to equal the fraction of 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 patrol service and local safety service subject to this section with which he or she is credited at retirement: Age at retirement Fraction 50 1.0000 50¼ 1.0175 50½ 1.0350 50¾ 1.0525 51 1.0700 51¼ 1.0875 51½ 1.1050 51¾ 1.1225 52 1.1400 52¼ 1.1575 52½ 1.1750 52¾ 1.1925 53 1.2100 53¼ 1.2275 53½ 1.2450 53¾ 1.2625 54 1.2800 54¼ 1.2975 54½ 1.3150 54¾ 1.3325 55 and over 1.3500

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Legislative history

Amended by Stats. 2001, Ch. 21, Sec. 16. Effective June 25, 2001. Applicable from January 1, 2000, by Sec. 37 of Ch. 21.