Cal. Gov. Code § 31676.16

Current through the 2023 Legislative Session.

Section 31676.16 - Current service pension or current service pension combined 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 the county adopts, by majority vote, a resolution providing that this section shall become applicable in the 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-fiftieth 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 ........................	0.713
501/4 ........................	0.725
501/2 ........................	0.737
503/4 ........................	0.749
51 ........................	0.761
511/4 ........................	0.775
511/2 ........................	0.788
513/4 ........................	0.801
52 ........................	0.814
521/4 ........................	0.828
521/2 ........................	0.843
523/4 ........................	0.857
53 ........................	0.871
531/4 ........................	0.886
531/2 ........................	0.902
533/4 ........................	0.917
54 ........................	0.933
541/4 ........................	0.950
541/2 ........................	0.966
543/4 ........................	0.983
55 ........................	1.000
551/4 ........................	1.007
551/2 ........................	1.013
553/4 ........................	1.020
56 ........................	1.026
561/4 ........................	1.033
561/2 ........................	1.039
563/4 ........................	1.046
57 ........................	1.052
571/4 ........................	1.059
571/2 ........................	1.065
573/4 ........................	1.072
58 ........................	1.078
581/4 ........................	1.085
58 1/2 ........................	1.091
58 3/4 ........................	1.098
59 ........................	1.105
591/4 ........................	1.111
591/2 ........................	1.118
593/4 ........................	1.124
60 ........................	1.131
601/4 ........................	1.137
601/2 ........................	1.144
603/4 ........................	1.150
61 ........................	1.157
611/4 ........................	1.163
611/2 ........................	1.170
613/4 ........................	1.176
62 ........................	1.183
621/4 ........................	1.189
621/2 ........................	1.196
623/4 ........................	1.202
63 and over ........................	1.209

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 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.

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

Ca. Gov. Code § 31676.16

Added by Stats 2000 ch 882 (AB 448), s 3, eff. 1/1/2001.