Section 31664.  


Latest version.
  • 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.)