California Government Code

§ 31676.12

GOV § 31676.12Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 8

Statute text

This section may be made applicable in any county on the first day of the month after the board of supervisors of such county adopts by majority vote, a resolution providing that this section shall become applicable in such county. 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-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 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 .6681 50¼ .6775 50½ .6869 50¾ .6962 51 .7056 51¼ .7156 51½ .7255 51¾ .7355 52 .7454 52¼ .7561 52½ .7668 52¾ .7775 53 .7882 53¼ .7998 53½ .8114 53¾ .8230 54 .8346 54¼ .8472 54½ .8598 54¾ .8724 55 .8850 55¼ .8987 55½ .9125 55¾ .9262 56 .9399 56¼ .9549 56½ .9699 56¾ .9849 57 1.0000 57¼ 1.0111 57½ 1.0223 57¾ 1.0335 58 1.0447 58¼ 1.0597 58½ 1.0747 58¾ 1.0898 59 1.1048 59¼ 1.1207 59½ 1.1367 59¾ 1.1526 60 1.1686 60¼ 1.1855 60½ 1.2025 60¾ 1.2195 61 1.2365 61¼ 1.2547 61½ 1.2729 61¾ 1.2911 62 and over 1.3093 In any county operating under this section any limitation in any provisions of this chapter upon the amount of compensation used for computing rates of contributions shall be disregarded. Whenever in this chapter reference is made to survivorship and other benefits and rights under Section 31676.1, the same shall apply to this section.

Legislative history

Amended by Stats. 1976, Ch. 1436.