Section 31676.13.  


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 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  ........................

    .8181

    50¼  ........................

    .8275

    50½  ........................

    .8369

    50¾  ........................

    .8462

    51  ........................

    .8556

    51¼  ........................

    .8656

    51½  ........................

    .8755

    51¾  ........................

    .8855

    52  ........................

    .8954

    52¼  ........................

    .9061

    52½  ........................

    .9168

    52¾  ........................

    .9275

    53  ........................

    .9382

    53¼  ........................

    .9498

    53½  ........................

    .9614

    53¾  ........................

    .9730

    54  ........................

    .9846

    54¼  ........................

    .9972

    54½  ........................

    1.0098

    54¾  ........................

    1.0224

    55  ........................

    1.0350

    55¼  ........................

    1.0487

    55½  ........................

    1.0625

    55¾  ........................

    1.0762

    56  ........................

    1.0899

    56¼  ........................

    1.1049

    56½  ........................

    1.1199

    56¾  ........................

    1.1349

    57  ........................

    1.1500

    57¼  ........................

    1.1611

    57½  ........................

    1.1723

    57¾  ........................

    1.1835

    58  ........................

    1.1947

    58¼  ........................

    1.2097

    58½  ........................

    1.2247

    58¾  ........................

    1.2398

    59  ........................

    1.2548

    59¼  ........................

    1.2707

    59½  ........................

    1.2867

    59¾  ........................

    1.3026

    60  ........................

    1.3186

    60¼  ........................

    1.3355

    60½  ........................

    1.3525

    60¾  ........................

    1.3695

    61  ........................

    1.3865

    61¼  ........................

    1.4047

    61½  ........................

    1.4229

    61¾  ........................

    1.4411

    62 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.

    This section shall not be operative in any county until adopted by a resolution of the board of supervisors.

    Whenever in this chapter reference is made to the survivorship and other benefits and rights under Section 31676.1, the same shall apply to this section.

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