California Government Code

§ 21369

GOV § 21369 Effective Jan 1, 2013Div. 5 · Title 2 · Part 3 · Ch. 13 · Art. 4

Statute text

(a)The combined prior and current service pension for a state safety member, and a local safety member with respect to service to a contracting agency subject to this section, upon retirement after attaining the age of 55 years, 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 multiplied by the number of years of state safety, police, fire, or county peace officer service that is credited to him or her as a state safety member or a local safety member subject to this section at retirement. Notwithstanding the preceding sentence, this section shall apply to the current and prior service pension for any other state safety member based on service to which it would have applied had the member, on July 1, 1971, been in employment described in Section 20403 or 20404.

(b)Upon retirement for service prior to attaining the age of 55 years, 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 his or her actual age at retirement: If the retirement age occurs at: The percent for each year of credited service is: 50 0.713 5014 0.725 5012 0.737 5034 0.749 51 0.761 5114 0.775 5112 0.788 5134 0.801 52 0.814 5214 0.828 5212 0.843 5234 0.857 53 0.871 5314 0.886 5312 0.902 5334 0.917 54 0.933 5414 0.950 5412 0.966 5434 0.983

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Legislative history

Amended by Stats. 2012, Ch. 665, Sec. 140. (SB 1308) Effective January 1, 2013.