Cal. Gov. Code § 31676.11

Current through the 2023 Legislative Session.
Section 31676.11 - 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-sixtieth 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 ........................

.7454

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

.7561

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

.7668

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

.7775

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

.7882

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

.7998

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

.8114

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

.8230

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

.8346

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

.8472

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

.8598

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

.8724

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

.8850

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

.8987

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

.9125

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

.9262

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

.9399

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

.9549

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

.9699

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

.9849

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

1.0000

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

1.0111

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

1.0223

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

1.0335

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

1.0447

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

1.0597

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

1.0747

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

1.0898

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

1.1048

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

1.1207

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

1.1367

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

1.1526

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

1.1686

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

1.1855

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

1.2025

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

1.2195

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

1.2365

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

1.2547

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

1.2729

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

1.2911

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

1.3093

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

1.3221

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

1.3350

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

1.3479

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

1.3608

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

1.3736

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

1.3865

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

1.3994

62 ........................

1.4123

621/4 ........................

1.4251

621/2 ........................

1.4380

623/4 ........................

1.4509

63 ........................

1.4638

631/4 ........................

1.4766

631/2 ........................

1.4895

633/4 ........................

1.5024

64 ........................

1.5153

641/4 ........................

1.5281

641/2 ........................

1.5410

643/4 ........................

1.5539

65 ........................

1.5668

In any county operating under this section any limitations 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.

Ca. Gov. Code § 31676.11

Amended by Stats. 1976, Ch. 1436.