California Government Code

§ 31676.15

GOV § 31676.15 Effective Jul 17, 2007Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 8

Statute text

(a)Except as provided in subdivision (d), this section may be made applicable in any county which has implemented the provisions of Article 15.6 (commencing with Section 31855). This section shall be applicable if a majority of all the members of the board of supervisors vote to adopt a resolution so to do and a majority of the members of the affected class or classes voting at an election held during 1974, with more than 50 percent of the members participating, favor the termination of retirement benefits under social security. The resolution may specify a date subsequent to the date of adoption of the resolution as the operative date for this section.

(b)(1) 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 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 .7454 50¼ .7561 50½ .7668 50¾ .7775 51 .7882 51¼ .7998 51½ .8114 51¾ .8230 52 .8346 52¼ .8472 52½ .8598 52¾ .8724 53 .8850 53¼ .8987 53½ .9125 53¾ .9262 54 .9399 54¼ .9549 54½ .9699 54¾ .9849 55 1.0000 55¼ 1.0111 55½ 1.0223 55¾ 1.0335 56 1.0447 56¼ 1.0597 56½ 1.0747 56¾ 1.0898 57 1.1048 57¼ 1.1207 57½ 1.1367 57¾ 1.1526 58 1.1686 58¼ 1.1855 58½ 1.2025 58¾ 1.2195 59 1.2365 59¼ 1.2547 59½ 1.2729 59¾ 1.2911 60 1.3093 60¼ 1.3221 60½ 1.3350 60¾ 1.3479 61 1.3608 61¼ 1.3736 61½ 1.3865 61¾ 1.3994 62 1.4123 62¼ 1.4251 62½ 1.4380 62¾ 1.4509 63 1.4638 63¼ 1.4766 63½ 1.4895 63¾ 1.5024 64 1.5153 64¼ 1.5281 64½ 1.5410 64¾ 1.5539 65 1.5668

…

Legislative history

Amended by Stats. 2007, Ch. 86, Sec. 2. Effective July 17, 2007.