Section 31676.1.  


Latest version.
  • This section may be made applicable in any county on the first day of the month after the board of supervisors of such county adopts, by majority vote, a resolution providing that this section shall become applicable in such 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-sixtieth 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 of
    Retirement

    Fraction

    50  ........................

    .7091

    50¼  ........................

    .7183

    50½  ........................

    .7274

    50¾  ........................

    .7366

    51  ........................

    .7457

    51¼  ........................

    .7547

    51½  ........................

    .7637

    51¾  ........................

    .7726

    52  ........................

    .7816

    52¼  ........................

    .7907

    52½  ........................

    .7999

    52¾  ........................

    .8090

    53  ........................

    .8181

    53¼  ........................

    .8275

    53½  ........................

    .8369

    53¾  ........................

    .8462

    54  ........................

    .8556

    54¼  ........................

    .8656

    54½  ........................

    .8755

    54¾  ........................

    .8855

    55  ........................

    .8954

    55¼  ........................

    .9061

    55½  ........................

    .9168

    55¾  ........................

    .9275

    56  ........................

    .9382

    56¼  ........................

    .9498

    56½  ........................

    .9614

    56¾  ........................

    .9730

    57  ........................

    .9846

    57¼  ........................

    .9972

    57½  ........................

    1.0098

    57¾  ........................

    1.0224

    58  ........................

    1.0350

    58¼  ........................

    1.0487

    58½  ........................

    1.0625

    58¾  ........................

    1.0762

    59  ........................

    1.0899

    59¼  ........................

    1.1049

    59½  ........................

    1.1199

    59¾  ........................

    1.1349

    60  ........................

    1.1500

    60¼  ........................

    1.1611

    60½  ........................

    1.1723

    60¾  ........................

    1.1835

    61  ........................

    1.1947

    61¼  ........................

    1.2097

    61½  ........................

    1.2247

    61¾  ........................

    1.2398

    62  ........................

    1.2548

    62¼  ........................

    1.2707

    62½  ........................

    1.2867

    62¾  ........................

    1.3026

    63  ........................

    1.3186

    63¼  ........................

    1.3355

    63½  ........................

    1.3525

    63¾  ........................

    1.3695

    64  ........................

    1.3865

    64¼  ........................

    1.4047

    64½  ........................

    1.4229

    64¾  ........................

    1.4411

    65 and over   ........................

    1.4593

    The fractions 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 each such board with respect to its retirement system.

    In any county operating under this section any limitation in any provisions of this chapter upon the amount of compensation used for computing rates of contributions shall be disregarded.

(Amended by Stats. 1976, Ch. 1436.)