Cal. Gov. Code § 31676.1

Current through the 2023 Legislative Session.

Section 31676.1 - Current service pension or current service pension combine 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 of Retirement	Fraction
50 ........................	.7091
501/4 ........................	.7183
501/2 ........................	.7274
503/4 ........................	.7366
51 ........................	.7457
511/4 ........................	.7547
511/2 ........................	.7637
513/4 ........................	.7726
52 ........................	.7816
521/4 ........................	.7907
521/2 ........................	.7999
523/4 ........................	.8090
53 ........................	.8181
531/4 ........................	.8275
531/2 ........................	.8369
533/4 ........................	.8462
54 ........................	.8556
541/4 ........................	.8656
541/2 ........................	.8755
543/4 ........................	.8855
55 ........................	.8954
551/4 ........................	.9061
551/2 ........................	.9168
553/4 ........................	.9275
56 ........................	.9382
561/4 ........................	.9498
561/2 ........................	.9614
563/4 ........................	.9730
57 ........................	.9846
571/4 ........................	.9972
571/2 ........................	1.0098
573/4 ........................	1.0224
58 ........................	1.0350
581/4 ........................	1.0487
581/2 ........................	1.0625
583/4 ........................	1.0762
59 ........................	1.0899
591/4 ........................	1.1049
591/2 ........................	1.1199
593/4 ........................	1.1349
60 ........................	1.1500
601/4 ........................	1.1611
601/2 ........................	1.1723
603/4 ........................	1.1835
61 ........................	1.1947
611/4 ........................	1.2097
611/2 ........................	1.2247
613/4 ........................	1.2398
62 ........................	1.2548
621/4 ........................	1.2707
621/2 ........................	1.2867
623/4 ........................	1.3026
63 ........................	1.3186
631/4 ........................	1.3355
631/2 ........................	1.3525
633/4 ........................	1.3695
64 ........................	1.3865
641/4 ........................	1.4047
641/2 ........................	1.4229
643/4 ........................	1.4411
65 and over ........................	1.4593

The fractions herein set forth shall be used until adjusted by each board for its retirement system in accordance with the interest and mortality tables adopted by each such board with respect to its retirement system.

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.

Ca. Gov. Code § 31676.1

Amended by Stats. 1976, Ch. 1436.