Section 31676.16.  


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

    Fraction

    50  ........................

    0.713

    50¼  ........................

    0.725

    50½  ........................

    0.737

    50¾  ........................

    0.749

    51  ........................

    0.761

    51¼  ........................

    0.775

    51½  ........................

    0.788

    51¾  ........................

    0.801

    52  ........................

    0.814

    52¼  ........................

    0.828

    52½  ........................

    0.843

    52¾  ........................

    0.857

    53  ........................

    0.871

    53¼  ........................

    0.886

    53½  ........................

    0.902

    53¾  ........................

    0.917

    54  ........................

    0.933

    54¼  ........................

    0.950

    54½  ........................

    0.966

    54¾  ........................

    0.983

    55  ........................

    1.000

    55¼  ........................

    1.007

    55½  ........................

    1.013

    55¾  ........................

    1.020

    56  ........................

    1.026

    56¼  ........................

    1.033

    56½  ........................

    1.039

    56¾  ........................

    1.046

    57  ........................

    1.052

    57¼  ........................

    1.059

    57½  ........................

    1.065

    57¾  ........................

    1.072

    58  ........................

    1.078

    58¼  ........................

    1.085

    58 ½  ........................

    1.091

    58 ¾  ........................

    1.098

    59  ........................

    1.105

    59¼  ........................

    1.111

    59½  ........................

    1.118

    59¾  ........................

    1.124

    60  ........................

    1.131

    60¼  ........................

    1.137

    60½  ........................

    1.144

    60¾  ........................

    1.150

    61  ........................

    1.157

    61¼  ........................

    1.163

    61½  ........................

    1.170

    61¾  ........................

    1.176

    62  ........................

    1.183

    62¼  ........................

    1.189

    62½  ........................

    1.196

    62¾  ........................

    1.202

    63 and over   ........................

    1.209

    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 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.

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

(Added by Stats. 2000, Ch. 882, Sec. 3. Effective January 1, 2001.)