Cal. Gov. Code § 31676.12

Current through the 2024 Legislative Session.
Section 31676.12 - Current service pension or current service pension combined with prior service pension

This section may be made applicable in any county on the first day of the month after the board of supervisors of such county adopts by majority vote, a resolution providing that this section shall become applicable in such 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 ........................

.6681

501/4 ........................

.6775

501/2 ........................

.6869

503/4................

.6962

51 ........................

.7056

511/4 ........................

.7156

511/2 ........................

.7255

513/4................

.7355

52 ........................

.7454

521/4 ........................

.7561

521/2 ........................

.7668

523/4................

.7775

53 ........................

.7882

531/4 ........................

.7998

531/2 ........................

.8114

533/4................

.8230

54 ........................

.8346

541/4 ........................

.8472

541/2 ........................

.8598

543/4................

.8724

55 ........................

.8850

551/4 ........................

.8987

551/2 ........................

.9125

553/4................

.9262

56 ........................

.9399

561/4 ........................

.9549

561/2 ........................

.9699

563/4................

.9849

57 ........................

1.0000

571/4 ........................

1.0111

571/2 ........................

1.0223

573/4................

1.0335

58 ........................

1.0447

581/4 ........................

1.0597

581/2 ........................

1.0747

583/4................

1.0898

59 ........................

1.1048

591/4 ........................

1.1207

591/2 ........................

1.1367

593/4................

1.1526

60 ........................

1.1686

601/4 ........................

1.1855

601/2 ........................

1.2025

603/4................

1.2195

61 ........................

1.2365

611/4 ........................

1.2547

611/2 ........................

1.2729

613/4................

1.2911

62 and over ........................

1.3093

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.

Whenever in this chapter reference is made to survivorship and other benefits and rights under Section 31676.1, the same shall apply to this section.

Ca. Gov. Code § 31676.12

Amended by Stats. 1976, Ch. 1436.