California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 3. GOVERNMENT OF COUNTIES |
Division 4. EMPLOYEES |
Part 3. RETIREMENT SYSTEMS |
Chapter 3. County Employees Retirement Law of 1937 |
ARTICLE 8. Retirement for Service |
Section 31676.12.
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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-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 at
RetirementFraction
50 ........................
.6681
50¼ ........................
.6775
50½ ........................
.6869
50¾ ........................
.6962
51 ........................
.7056
51¼ ........................
.7156
51½ ........................
.7255
51¾ ........................
.7355
52 ........................
.7454
52¼ ........................
.7561
52½ ........................
.7668
52¾ ........................
.7775
53 ........................
.7882
53¼ ........................
.7998
53½ ........................
.8114
53¾ ........................
.8230
54 ........................
.8346
54¼ ........................
.8472
54½ ........................
.8598
54¾ ........................
.8724
55 ........................
.8850
55¼ ........................
.8987
55½ ........................
.9125
55¾ ........................
.9262
56 ........................
.9399
56¼ ........................
.9549
56½ ........................
.9699
56¾ ........................
.9849
57 ........................
1.0000
57¼ ........................
1.0111
57½ ........................
1.0223
57¾ ........................
1.0335
58 ........................
1.0447
58¼ ........................
1.0597
58½ ........................
1.0747
58¾ ........................
1.0898
59 ........................
1.1048
59¼ ........................
1.1207
59½ ........................
1.1367
59¾ ........................
1.1526
60 ........................
1.1686
60¼ ........................
1.1855
60½ ........................
1.2025
60¾ ........................
1.2195
61 ........................
1.2365
61¼ ........................
1.2547
61½ ........................
1.2729
61¾ ........................
1.2911
62 and over ........................
1.3093
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.
Whenever in this chapter reference is made to survivorship and other benefits and rights under Section 31676.1, the same shall apply to this section.