Current through the 2024 Legislative Session.
Section 31462.05 - Compensation for member subject to Public Employees' Pension Reform Act(a) For a member who is subject to the California Public Employees' Pension Reform Act of 2013 (Article 4 (commencing with Section 7522) of Chapter 21 of Division 7 of Title 1) for all or any portion of their membership in the county retirement system, "final compensation" as defined in Section 7522.32 shall apply.(b) If a member has less than three years of service, that member's final compensation shall be determined by dividing the total pensionable compensation by the number of months of service credited to the member and multiplying by 12.(c) When determining final compensation for a member who does not have three consecutive years of earned pensionable compensation due to an absence, the compensation for any absence shall be based on the pensionable compensation of the position held by the member immediately prior to the absence.Amended by Stats 2023 ch 159 (SB 885),s 10, eff. 1/1/2024.Amended by Stats 2017 ch 561 (AB 1516),s 88, eff. 1/1/2018.Amended by Stats 2014 ch 741 (AB 2474),s 1, eff. 1/1/2015.Added by Stats 2013 ch 247 (AB 1380),s 8, eff. 1/1/2014.