Cal. Gov. Code § 21076

Current through the 2023 Legislative Session.

Section 21076 - Second Tier retirement allowance

(a) The service retirement allowance for a state miscellaneous or state industrial member who has elected the benefits of this section is a pension equal to the fraction of one-hundredth 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 member's number of years of state miscellaneous service:

Age at
Retirement	Fraction
50 ........................	0.5000
501/4 ........................	0.5125
501/2 ........................	0.5250
503/4 ........................	0.5375
51 ........................	0.5500
511/4 ........................	0.5625
511/2 ........................	0.5750
513/4 ........................	0.5875
52 ........................	0.6000
521/4 ........................	0.6125
521/2 ........................	0.6250
523/4 ........................	0.6375
53 ........................	0.6500
531/4 ........................	0.6625
531/2 ........................	0.6750
533/4 ........................	0.6875
54 ........................	0.7000
541/4 ........................	0.7125
541/2 ........................	0.7250
543/4 ........................	0.7375
55 ........................	0.7500
551/4 ........................	0.7625
551/2 ........................	0.7750
553/4 ........................	0.7875
56 ........................	0.8000
561/4 ........................	0.8125
561/2 ........................	0.8250
563/4 ........................	0.8375
57 ........................	0.8500
571/4 ........................	0.8625
571/2 ........................	0.8750
573/4 ........................	0.8875
58 ........................	0.9000
581/4 ........................	0.9125
581/2 ........................	0.9250
583/4 ........................	0.9375
59 ........................	0.9500
591/4 ........................	0.9625
591/2 ........................	0.9750
593/4 ........................	0.9875
60 ........................	1.0000
601/4 ........................	1.0125
601/2 ........................	1.0250
603/4 ........................	1.0375
61 ........................	1.0500
611/4 ........................	1.0625
611/2 ........................	1.0750
613/4 ........................	1.0875
62 ........................	1.1000
621/4 ........................	1.1125
621/2 ........................	1.1250
623/4 ........................	1.1375
63 ........................	1.1500
631/4 ........................	1.1625
631/2 ........................	1.1750
633/4 ........................	1.1875
64 ........................	1.2000
641/4 ........................	1.2125
641/2 ........................	1.2250
643/4 ........................	1.2375
65 ........................	1.2500

(b) This section shall not apply to a National Guard member.

(c) This section shall not apply to anyone who first becomes a member on or after January 1, 2013.

Ca. Gov. Code § 21076

Amended by Stats 2012 ch 296 (AB 340),s 25, eff. 1/1/2013.

Amended by Stats 2007 ch 355 (SB 14),s 23, eff. 1/1/2008.