Section 31676.14.  


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 at
    Retirement

    Fraction

    50  ........................

    .8850

    50¼  ........................

    .8987

    50½  ........................

    .9125

    50¾  ........................

    .9262

    51  ........................

    .9399

    51¼  ........................

    .9549

    51½  ........................

    .9699

    51¾  ........................

    .9849

    52  ........................

    1.0000

    52¼  ........................

    1.0111

    52½  ........................

    1.0223

    52¾  ........................

    1.0335

    53  ........................

    1.0447

    53¼  ........................

    1.0597

    53½  ........................

    1.0747

    53¾  ........................

    1.0898

    54  ........................

    1.1048

    54¼  ........................

    1.1207

    54½  ........................

    1.1367

    54¾  ........................

    1.1526

    55  ........................

    1.1686

    55¼  ........................

    1.1855

    55½  ........................

    1.2025

    55¾  ........................

    1.2195

    56  ........................

    1.2365

    56¼  ........................

    1.2547

    56½  ........................

    1.2729

    56¾  ........................

    1.2911

    57  ........................

    1.3093

    57¼  ........................

    1.3221

    57½  ........................

    1.3350

    57¾  ........................

    1.3479

    58  ........................

    1.3608

    58¼  ........................

    1.3736

    58½  ........................

    1.3865

    58¾  ........................

    1.3994

    59  ........................

    1.4123

    59¼  ........................

    1.4251

    59½  ........................

    1.4380

    59¾  ........................

    1.4509

    60  ........................

    1.4638

    60¼  ........................

    1.4766

    60½  ........................

    1.4895

    60¾  ........................

    1.5024

    61  ........................

    1.5153

    61¼  ........................

    1.5281

    61½  ........................

    1.5410

    61¾  ........................

    1.5539

    62 and over  ........................

    1.5668

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

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

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

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