Cal. Gov. Code § 31676.17

Current through the 2023 Legislative Session.

Section 31676.17 - 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 ........................	1.0000
501/4 ........................	1.0125
501/2 ........................	1.0250
503/4 ........................	1.0375
51 ........................	1.0500
511/4 ........................	1.0625
511/2 ........................	1.0750
513/4 ........................	1.0875
52 ........................	1.1000
521/4 ........................	1.1125
521/2 ........................	1.1250
523/4 ........................	1.1375
53 ........................	1.1500
531/4 ........................	1.1625
531/2 ........................	1.1750
533/4 ........................	1.1875
54 ........................	1.2000
541/4 ........................	1.2125
541/2 ........................	1.2250
543/4 ........................	1.2375
55 ........................	1.2500
551/4 ........................	1.2625
551/2 ........................	1.2750
553/4 ........................	1.2875
56 ........................	1.3000
561/4 ........................	1.3125
561/2 ........................	1.3250
563/4 ........................	1.3375
57 ........................	1.3500
571/4 ........................	1.3625
571/2 ........................	1.3750
573/4 ........................	1.3875
58 ........................	1.4000
581/4 ........................	1.4125
581/2 ........................	1.4250
583/4 ........................	1.4375
59 ........................	1.4500
591/4 ........................	1.4625
591/2 ........................	1.4750
593/4 ........................	1.4875
60 and over ........................	1.5000

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 apply to members employed by the county on or after the date this section becomes operative in the county.

Ca. Gov. Code § 31676.17

Amended by Stats 2002 ch 664 (AB 3034),s 116, eff. 1/1/2003.

Added by Stats 2001 ch 782 (AB 616), s 7, eff. 1/1/2002.