Section 31676.19.  


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  ........................

    1.0175

    50½  ........................

    1.0350

    50¾  ........................

    1.0525

    51  ........................

    1.0700

    51¼  ........................

    1.0875

    51½  ........................

    1.1050

    51¾  ........................

    1.1225

    52  ........................

    1.1400

    52¼  ........................

    1.1575

    52½  ........................

    1.1750

    52¾  ........................

    1.1925

    53  ........................

    1.2100

    53¼  ........................

    1.2275

    53½  ........................

    1.2450

    53¾  ........................

    1.2625

    54  ........................

    1.2800

    54¼  ........................

    1.2975

    54½  ........................

    1.3150

    54¾  ........................

    1.3325

    55 and over  ........................

    1.3500

    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. 117. Effective January 1, 2003.)