Cal. Gov. Code § 31664.2

Current through the 2024 Legislative Session.

Section 31664.2 - 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 ........................	.4777
411/4 ........................	.4848
411/2 ........................	.4918
413/4................	.4987
42 ........................	.5058
421/4 ........................	.5130
421/2 ........................	.5202
423/4................	.5274
43 ........................	.5347
431/4 ........................	.5422
431/2 ........................	.5497
433/4................	.5572
44 ........................	.5647
441/4 ........................	.5725
441/2 ........................	.5803
443/4................	.5881
45 ........................	.5958
451/4 ........................	.6039
451/2 ........................	.6120
453/4................	.6200
46 ........................	.6280
461/4 ........................	.6366
461/2 ........................	.6452
463/4................	.6555
47 ........................	.6625
471/4 ........................	.6703
471/2 ........................	.6781
473/4................	.6858
48 ........................	.6936
481/4 ........................	.7019
481/2 ........................	.7103
483/4................	.7186
49 ........................	.7269
491/4 ........................	.7360
491/2 ........................	.7452
493/4................	.7543
50 ........................	.7634
501/4 ........................	.7733
501/2 ........................	.7832
503/4................	.7930
51 ........................	.8028
511/4 ........................	.8135
511/2 ........................	.8242
513/4................	.8349
52 ........................	.8457
521/4 ........................	.8574
521/2 ........................	.8691
523/4................	.8808
53 ........................	.8926
531/4 ........................	.9053
531/2 ........................	.9182
533/4................	.9310
54 ........................	.9418
541/4 ........................	.9579
541/2 ........................	.9718
543/4................	.9860
55 and over ........................	1.0000

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

Ca. Gov. Code § 31664.2

Added by Stats 2000 ch 237 (AB 1937), s 3, eff. 1/1/2001.