Cal. Gov. Code § 31676.13

Current through the 2023 Legislative Session.
Section 31676.13 - Current service pension or current service pension combined with prior service pension

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 ........................

.8181

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

.8275

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

.8369

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

.8462

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

.8556

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

.8656

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

.8755

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

.8855

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

.8954

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

.9061

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

.9168

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

.9275

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

.9382

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

.9498

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

.9614

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

.9730

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

.9846

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

.9972

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

1.0098

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

1.0224

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

1.0350

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

1.0487

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

1.0625

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

1.0762

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

1.0899

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

1.1049

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

1.1199

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

1.1349

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

1.1500

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

1.1611

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

1.1723

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

1.1835

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

1.1947

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

1.2097

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

1.2247

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

1.2398

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

1.2548

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

1.2707

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

1.2867

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

1.3026

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

1.3186

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

1.3355

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

1.3525

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

1.3695

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

1.3865

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

1.4047

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

1.4229

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

1.4411

62 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.

This section shall not be operative in any county until adopted by a resolution of the board of supervisors.

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

Ca. Gov. Code § 31676.13

Amended by Stats. 1976, Ch. 1436.