California Government Code Section 31664

CA Govt Code § 31664 (2017)  

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 safety 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 his or her 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 limitation of the safety member’s final compensation as set forth in Section 31676.1 as it now reads or may hereafter be amended to read:

Age at retirement

Fraction

41  ........................

.6258

41¼  ........................

.6350

41½  ........................

.6442

41¾  ........................

.6533

42  ........................

.6625

42¼  ........................

.6720

42½  ........................

.6814

42¾  ........................

.6909

43  ........................

.7004

43¼  ........................

.7102

43½  ........................

.7200

43¾  ........................

.7299

44  ........................

.7397

44¼  ........................

.7499

44½  ........................

.7601

44¾  ........................

.7703

45  ........................

.7805

45¼  ........................

.7910

45½  ........................

.8016

45¾  ........................

.8121

46  ........................

.8226

46¼  ........................

.8339

46½  ........................

.8452

46¾  ........................

.8566

47  ........................

.8678

47¼  ........................

.8780

47½  ........................

.8882

47¾  ........................

.8983

48  ........................

.9085

48¼  ........................

.9194

48½  ........................

.9304

48¾  ........................

.9413

49  ........................

.9522

49¼  ........................

.9641

49½  ........................

.9761

49¾  ........................

.9880

50  ........................

1.0000

50¼  ........................

1.0130

50½  ........................

1.0259

50¾  ........................

1.0387

51  ........................

1.0516

51¼  ........................

1.0656

51½  ........................

1.0796

51¾  ........................

1.0937

52  ........................

1.1078

52¼  ........................

1.1231

52½  ........................

1.1384

52¾  ........................

1.1538

53  ........................

1.1692

53¼  ........................

1.1859

53½  ........................

1.2028

53¾  ........................

1.2195

54  ........................

1.2366

54¼  ........................

1.2547

54½  ........................

1.2730

54¾  ........................

1.2915

55 and over  ........................

1.3099

The fraction 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 that board.

Contributions shall not be made by safety members having credit for 30 years of continuous service.

(Amended by Stats. 2001, Ch. 32, Sec. 1. Effective January 1, 2002.)

Last modified: October 25, 2018