California Government Code Section 31676.17

CA Govt Code § 31676.17 (2017)  

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 atRetirement

Fraction

50  ........................

1.0000

50¼  ........................

1.0125

50½  ........................

1.0250

50¾  ........................

1.0375

51  ........................

1.0500

51¼  ........................

1.0625

51½  ........................

1.0750

51¾  ........................

1.0875

52  ........................

1.1000

52¼  ........................

1.1125

52½  ........................

1.1250

52¾  ........................

1.1375

53  ........................

1.1500

53¼  ........................

1.1625

53½  ........................

1.1750

53¾  ........................

1.1875

54  ........................

1.2000

54¼  ........................

1.2125

54½  ........................

1.2250

54¾  ........................

1.2375

55   ........................

1.2500

55¼  ........................

1.2625

55½  ........................

1.2750

55¾  ........................

1.2875

56   ........................

1.3000

56¼  ........................

1.3125

56½  ........................

1.3250

56¾  ........................

1.3375

57   ........................

1.3500

57¼  ........................

1.3625

57½  ........................

1.3750

57¾  ........................

1.3875

58   ........................

1.4000

58¼  ........................

1.4125

58½  ........................

1.4250

58¾  ........................

1.4375

59   ........................

1.4500

59¼  ........................

1.4625

59½  ........................

1.4750

59¾  ........................

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.

(Amended by Stats. 2002, Ch. 664, Sec. 116. Effective January 1, 2003.)

Last modified: October 25, 2018