Cal. Gov. Code § 31664.1

Current through the 2024 Legislative Session.

Section 31664.1 - Current service pension or current service pension combined with prior service pension

(a) 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.

(b) 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 safety members purchased by the contributions of the county or district sufficient when added to the service retirement annuity to equal 3 percent of the member's final compensation set forth opposite his or her 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. In no event shall the total retirement allowance exceed the limitation of the safety member's final compensation as set forth in Section 31676.1, as it now reads or may hereafter be amended to read.

Age at Retirement	Fraction
41 ........................	.6258
411/4 ........................	.6350
411/2 ........................	.6442
413/4................	.6533
42 ........................	.6625
421/4 ........................	.6720
421/2 ........................	.6814
423/4................	.6909
43 ........................	.7004
431/4 ........................	.7102
431/2 ........................	.7200
433/4................	.7299
44 ........................	.7397
441/4 ........................	.7499
441/2 ........................	.7601
443/4................	.7703
45 ........................	.7805
451/4 ........................	.7910
451/2 ........................	.8016
453/4................	.8121
46 ........................	.8226
461/4 ........................	.8339
461/2 ........................	.8452
463/4................	.8586
47 ........................	.8678
471/4 ........................	.8780
471/2 ........................	.8882
473/4................	.8983
48 ........................	.9085
481/4 ........................	.9194
481/2 ........................	.9304
483/4................	.9413
49 ........................	.9522
491/4 ........................	.9641
491/2 ........................	.9761
493/4................	.9880
50 and over ........................	1.0000

(c) Contributions shall not be made by safety members having credit for 30 years of continuous service.

Ca. Gov. Code § 31664.1

Added by Stats 2000 ch 237 (AB 1937), s 2, eff. 1/1/2001.