Section 31676.17.  


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  ........................

    1.0000

    50¼  ........................

    1.0125

    50½  ........................

    1.0250

    50¾  ........................

    1.0375

    51  ........................

    1.0500

    51¼  ........................

    1.0625

    51½  ........................

    1.0750

    51¾  ........................

    1.0875

    52  ........................

    1.1000

    52¼  ........................

    1.1125

    52½  ........................

    1.1250

    52¾  ........................

    1.1375

    53  ........................

    1.1500

    53¼  ........................

    1.1625

    53½  ........................

    1.1750

    53¾  ........................

    1.1875

    54  ........................

    1.2000

    54¼  ........................

    1.2125

    54½  ........................

    1.2250

    54¾  ........................

    1.2375

    55   ........................

    1.2500

    55¼  ........................

    1.2625

    55½  ........................

    1.2750

    55¾  ........................

    1.2875

    56   ........................

    1.3000

    56¼  ........................

    1.3125

    56½  ........................

    1.3250

    56¾  ........................

    1.3375

    57   ........................

    1.3500

    57¼  ........................

    1.3625

    57½  ........................

    1.3750

    57¾  ........................

    1.3875

    58   ........................

    1.4000

    58¼  ........................

    1.4125

    58½  ........................

    1.4250

    58¾  ........................

    1.4375

    59   ........................

    1.4500

    59¼  ........................

    1.4625

    59½  ........................

    1.4750

    59¾  ........................

    1.4875

    60 and over   ........................

    1.5000

    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 apply to members employed by the county on or after the date this section becomes operative in the county.

(Amended by Stats. 2002, Ch. 664, Sec. 116. Effective January 1, 2003.)