California Government Code

§ 7522.20

GOV § 7522.20 Effective Jan 1, 2014Div. 7 · Title 1 · Ch. 21 · Art. 4

Statute text

(a)Each retirement system that offers a defined benefit plan for nonsafety members of the system shall use the formula prescribed by this section. The defined benefit plan shall provide a pension at retirement for service equal to the percentage of the member’s final compensation set forth opposite the member’s age at retirement, taken to the preceding quarter year, in the following table, multiplied by the number of years of service in the system as a nonsafety member. A member may retire for service under this section after five years of service and upon reaching 52 years of age. Age of RetirementFraction52 1.0005214 1.025 5212 1.050 5234 1.075 53 1.100 5314 1.125 5312 1.150 5334 1.175 54 1.200 5414 1.225 5412 1.250 5434 1.275 55 1.300 5514 1.325 5512 1.350 5534 1.375 56 1.400 5614 1.425 5612 1.450 5634 1.475 57 1.500 5714 1.525 5712 1.550 5734 1.575 58 1.600 5814 1.625 5812 1.650 5834 1.675 59 1.700 5914 1.725 5912 1.750 5934 1.775 60 1.800 6014 1.825 6012 1.850 6034 1.875 61 1.900 6114 1.925 6112 1.950 6134 1.975 62 2.000 6214 2.025 6212 2.050 6234 2.075 63 2.100 6314 2.125 6312 2.150 6334 2.175 64 2.200 6414 2.225 6412 2.250 6434 2.275 65 2.300 6514 2.325 6512 2.350 6534 2.375 66 2.400 6614 2.425 6612 2.450 6634 2.475 67 2.500

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Legislative history

Amended by Stats. 2013, Ch. 76, Sec. 74. (AB 383) Effective January 1, 2014.