Cal. Gov. Code § 31676.14

Current through the 2023 Legislative Session.

Section 31676.14 - 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 at Retirement	Fraction
50 ........................	.8850
501/4 ........................	.8987
501/2 ........................	.9125
503/4 ........................	.9262
51 ........................	.9399
511/4 ........................	.9549
511/2 ........................	.9699
513/4 ........................	.9849
52 ........................	1.0000
521/4 ........................	1.0111
521/2 ........................	1.0223
523/4 ........................	1.0335
53 ........................	1.0447
531/4 ........................	1.0597
531/2 ........................	1.0747
533/4 ........................	1.0898
54 ........................	1.1048
541/4 ........................	1.1207
541/2 ........................	1.1367
543/4 ........................	1.1526
55 ........................	1.1686
551/4 ........................	1.1855
551/2 ........................	1.2025
553/4 ........................	1.2195
56 ........................	1.2365
561/4 ........................	1.2547
561/2 ........................	1.2729
563/4 ........................	1.2911
57 ........................	1.3093
571/4 ........................	1.3221
571/2 ........................	1.3350
573/4 ........................	1.3479
58 ........................	1.3608
581/4 ........................	1.3736
581/2 ........................	1.3865
583/4 ........................	1.3994
59 ........................	1.4123
591/4 ........................	1.4251
591/2 ........................	1.4380
593/4 ........................	1.4509
60 ........................	1.4638
601/4 ........................	1.4766
601/2 ........................	1.4895
603/4 ........................	1.5024
61 ........................	1.5153
611/4 ........................	1.5281
611/2 ........................	1.5410
613/4 ........................	1.5539
62 and over ........................	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.

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

Ca. Gov. Code § 31676.14

Amended by Stats. 1976, Ch. 1436.