(a) The service retirement allowance for a local miscellaneous member who is subject to this article is a pension derived from the contributions of the employer sufficient, when added to the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of retirement, to equal 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 local miscellaneous service subject to this article:
Fraction | |
50 ........................ | .5000 |
50¼ ........................ | .5167 |
50½ ........................ | .5334 |
50¾ ........................ | .5500 |
51 ........................ | .5667 |
51¼ ........................ | .5834 |
51½ ........................ | .6000 |
51¾ ........................ | .6167 |
52 ........................ | .6334 |
52¼ ........................ | .6500 |
52½ ........................ | .6667 |
52¾ ........................ | .6834 |
53 ........................ | .7000 |
53¼ ........................ | .7167 |
53½ ........................ | .7334 |
53¾ ........................ | .7500 |
54 ........................ | .7667 |
54¼ ........................ | .7834 |
54½ ........................ | .8000 |
54¾ ........................ | .8167 |
55 ........................ | .8334 |
55¼ ........................ | .8500 |
55½ ........................ | .8667 |
55¾ ........................ | .8834 |
56 ........................ | .9000 |
56¼ ........................ | .9167 |
56½ ........................ | .9334 |
56¾ ........................ | .9500 |
57 ........................ | .9667 |
57¼ ........................ | .9834 |
57½ ........................ | 1.0000 |
57¾ ........................ | 1.0167 |
58 ........................ | 1.0334 |
58¼ ........................ | 1.0500 |
58½ ........................ | 1.0667 |
58¾ ........................ | 1.0834 |
59 ........................ | 1.1000 |
59¼ ........................ | 1.1167 |
59½ ........................ | 1.1334 |
59¾ ........................ | 1.1500 |
60 ........................ | 1.1667 |
60¼ ........................ | 1.1834 |
60½ ........................ | 1.2000 |
60¾ ........................ | 1.2167 |
61 ........................ | 1.2334 |
61¼ ........................ | 1.2500 |
61½ ........................ | 1.2667 |
61¾ ........................ | 1.2834 |
62 ........................ | 1.3000 |
62¼ ........................ | 1.3167 |
62½ ........................ | 1.3334 |
62¾ ........................ | 1.3500 |
63 ........................ | 1.3667 |
63¼ ........................ | 1.3834 |
63½ ........................ | 1.4000 |
63¾ ........................ | 1.4167 |
64 ........................ | 1.4334 |
64¼ ........................ | 1.4500 |
64½ ........................ | 1.4667 |
64¾ ........................ | 1.4834 |
65 ........................ | 1.5000 |
(b) The service retirement allowance for a local miscellaneous member who, pursuant to Section 21095, elects to be subject to this article shall be the sum of the allowance for service rendered subsequent to the effective date of the election computed pursuant to subdivision (a) of this section, added to the allowance for service rendered as a local miscellaneous member prior to the effective date of the election, computed pursuant to the formula specified in the employer’s contract with the board.
(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)