(a) The service retirement allowance for a state miscellaneous or state industrial member who first becomes a member on or after January 1, 2013, who has elected the benefits of this section is a pension equal to the fraction of one-hundredth 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 member’s number of years of state miscellaneous service:
| Age of Retirement | Fraction |
52 ........................ | 0.6500 |
521/4 ........................ | 0.6600 |
521/2 ........................ | 0.6700 |
| 523/4 ........................ | 0.6800 |
53 ........................ | 0.6900 |
531/4 ........................ | 0.7000 |
531/2 ........................ | 0.7100 |
533/4 ........................ | 0.7200 |
54 ........................ | 0.7300 |
541/4 ........................ | 0.7400 |
541/2 ........................ | 0.7500 |
543/4 ........................ | 0.7600 |
55 ........................ | 0.7700 |
551/4 ........................ | 0.7800 |
551/2 ........................ | 0.7900 |
553/4 ........................ | 0.8000 |
56 ........................ | 0.8100 |
561/4 ........................ | 0.8200 |
561/2 ........................ | 0.8300 |
563/4 ........................ | 0.8400 |
57 ........................ | 0.8500 |
571/4 ........................ | 0.8600 |
571/2 ........................ | 0.8700 |
573/4 ........................ | 0.8800 |
58 ........................ | 0.8900 |
581/4 ........................ | 0.9000 |
581/2 ........................ | 0.9100 |
583/4 ........................ | 0.9200 |
59 ........................ | 0.9300 |
591/4 ........................ | 0.9400 |
591/2 ........................ | 0.9500 |
593/4 ........................ | 0.9600 |
60 ........................ | 0.9700 |
601/4 ........................ | 0.9800 |
601/2 ........................ | 0.9900 |
603/4 ........................ | 1.0000 |
61 ........................ | 1.0100 |
611/4 ........................ | 1.0200 |
611/2 ........................ | 1.0300 |
613/4 ........................ | 1.0400 |
62 ........................ | 1.0500 |
621/4 ........................ | 1.0600 |
621/2 ........................ | 1.0700 |
623/4 ........................ | 1.0800 |
63 ........................ | 1.0900 |
631/4 ........................ | 1.1000 |
631/2 ........................ | 1.1100 |
633/4 ........................ | 1.1200 |
64 ........................ | 1.1300 |
641/4 ........................ | 1.1400 |
641/2 ........................ | 1.1500 |
643/4 ........................ | 1.1600 |
65 ........................ | 1.1700 |
651/4 ........................ | 1.1800 |
651/2 ........................ | 1.1900 |
653/4 ........................ | 1.2000 |
66 ........................ | 1.2100 |
661/4 ........................ | 1.2200 |
661/2 ........................ | 1.2300 |
663/4 ........................ | 1.2400 |
67 ........................ | 1.2500 |
(b) This section shall not apply to a National Guard member.
(Added by Stats. 2012, Ch. 296, Sec. 26. (AB 340) Effective January 1, 2013.)