Cal. Gov. Code § 31676.19

Current through the 2024 Legislative Session.
Section 31676.19 - Current service pension or current service pension combined with prior service pension

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

501/4 ........................

1.0175

501/2 ........................

1.0350

503/4................

1.0525

51 ........................

1.0700

511/4 ........................

1.0875

511/2 ........................

1.1050

513/4................

1.1225

52 ........................

1.1400

521/4 ........................

1.1575

521/2 ........................

1.1750

523/4................

1.1925

53 ........................

1.2100

531/4 ........................

1.2275

531/2 ........................

1.2450

533/4................

1.2625

54 ........................

1.2800

541/4 ........................

1.2975

541/2 ........................

1.3150

543/4................

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.

Ca. Gov. Code § 31676.19

Amended by Stats 2002 ch 664 (AB 3034),s 117, eff. 1/1/2003.
Added by Stats 2001 ch 782 (AB 616), s 9, eff. 1/1/2002.