Section 20552.  


Latest version.
  • The combined current and prior service pensions for a local miscellaneous member whose service is subject to this article is a pension derived from the contributions of the employee which, when added to the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of retirement shall equal the fraction of one-hundredth 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 member's number of years of local miscellaneous service subject to this article:

    Age at

    Retirement

    Fraction

    55  ........................

     .5000

    55¼  ........................

     .5250

    55½  ........................

     .5500

    55¾  ........................

     .5750

    56  ........................

     .6000

    56¼  ........................

     .6250

    56½  ........................

     .6500

    56¾  ........................

     .6750

    57  ........................

     .7000

    57¼  ........................

     .7250

    57½  ........................

     .7500

    57¾  ........................

     .7750

    58  ........................

     .8000

    58¼  ........................

     .8250

    58½  ........................

     .8500

    58¾  ........................

     .8750

    59  ........................

     .9000

    59¼  ........................

     .9250

    59½  ........................

     .9500

    59¾  ........................

     .9750

    60  ........................

    1.0000

    60¼  ........................

    1.0250

    60½  ........................

    1.0500

    60¾  ........................

    1.0750

    61  ........................

    1.1000

    61¼  ........................

    1.1250

    61½  ........................

    1.1500

    61¾  ........................

    1.1750

    62  ........................

    1.2000

    62¼  ........................

    1.2250

    62½  ........................

    1.2500

    62¾  ........................

    1.2750

    63  ........................

    1.3000

    63¼  ........................

    1.3250

    63½  ........................

    1.3500

    63¾  ........................

    1.3750

    64  ........................

    1.4000

    64¼  ........................

    1.4250

    64½  ........................

    1.4500

    64¾  ........................

    1.4750

    65  ........................

    1.5000

    Notwithstanding any other provision of this part, the retirement allowance formula for any member subject to this section who has 35 years of credited service and attains age 55 years, is the fraction of final compensation set forth above at age 65 multiplied by the current and prior service subject to this section that the member is credited with at retirement.

    A local miscellaneous member subject to this section shall be retired for service upon his or her written application to the board if he or she has attained age 55 and is credited with five years of state service.

(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)