California Government Code

§ 31676.16

GOV § 31676.16 Effective Jan 1, 2001Div. 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 the county adopts, by majority vote, a resolution providing that this section shall become applicable in the 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 0.713 50¼ 0.725 50½ 0.737 50¾ 0.749 51 0.761 51¼ 0.775 51½ 0.788 51¾ 0.801 52 0.814 52¼ 0.828 52½ 0.843 52¾ 0.857 53 0.871 53¼ 0.886 53½ 0.902 53¾ 0.917 54 0.933 54¼ 0.950 54½ 0.966 54¾ 0.983 55 1.000 55¼ 1.007 55½ 1.013 55¾ 1.020 56 1.026 56¼ 1.033 56½ 1.039 56¾ 1.046 57 1.052 57¼ 1.059 57½ 1.065 57¾ 1.072 58 1.078 58¼ 1.085 58 ½ 1.091 58 ¾ 1.098 59 1.105 59¼ 1.111 59½ 1.118 59¾ 1.124 60 1.131 60¼ 1.137 60½ 1.144 60¾ 1.150 61 1.157 61¼ 1.163 61½ 1.170 61¾ 1.176 62 1.183 62¼ 1.189 62½ 1.196 62¾ 1.202 63 and over 1.209 The fractions herein set forth shall be used until adjusted by each board for its retirement system in accordance with the interest and mortality tables adopted by each board with respect to its retirement system. 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. Wherever in this chapter reference is made to survivorship benefits and rights under Section 31676.1, the same shall apply to this section.

Legislative history

Added by Stats. 2000, Ch. 882, Sec. 3. Effective January 1, 2001.