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 safety 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 his or her 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 limitation of the safety member’s final compensation as set forth in Section 31676.1 as it now reads or may hereafter be amended to read:
Age at retirement | Fraction |
41 ........................ | .6258 |
41¼ ........................ | .6350 |
41½ ........................ | .6442 |
41¾ ........................ | .6533 |
42 ........................ | .6625 |
42¼ ........................ | .6720 |
42½ ........................ | .6814 |
42¾ ........................ | .6909 |
43 ........................ | .7004 |
43¼ ........................ | .7102 |
43½ ........................ | .7200 |
43¾ ........................ | .7299 |
44 ........................ | .7397 |
44¼ ........................ | .7499 |
44½ ........................ | .7601 |
44¾ ........................ | .7703 |
45 ........................ | .7805 |
45¼ ........................ | .7910 |
45½ ........................ | .8016 |
45¾ ........................ | .8121 |
46 ........................ | .8226 |
46¼ ........................ | .8339 |
46½ ........................ | .8452 |
46¾ ........................ | .8566 |
47 ........................ | .8678 |
47¼ ........................ | .8780 |
47½ ........................ | .8882 |
47¾ ........................ | .8983 |
48 ........................ | .9085 |
48¼ ........................ | .9194 |
48½ ........................ | .9304 |
48¾ ........................ | .9413 |
49 ........................ | .9522 |
49¼ ........................ | .9641 |
49½ ........................ | .9761 |
49¾ ........................ | .9880 |
50 ........................ | 1.0000 |
50¼ ........................ | 1.0130 |
50½ ........................ | 1.0259 |
50¾ ........................ | 1.0387 |
51 ........................ | 1.0516 |
51¼ ........................ | 1.0656 |
51½ ........................ | 1.0796 |
51¾ ........................ | 1.0937 |
52 ........................ | 1.1078 |
52¼ ........................ | 1.1231 |
52½ ........................ | 1.1384 |
52¾ ........................ | 1.1538 |
53 ........................ | 1.1692 |
53¼ ........................ | 1.1859 |
53½ ........................ | 1.2028 |
53¾ ........................ | 1.2195 |
54 ........................ | 1.2366 |
54¼ ........................ | 1.2547 |
54½ ........................ | 1.2730 |
54¾ ........................ | 1.2915 |
55 and over ........................ | 1.3099 |
The fraction herein set forth shall be used until adjusted by each board for its retirement system in accordance with the interest and mortality tables adopted by that board.
Contributions shall not be made by safety members having credit for 30 years of continuous service.
(Amended by Stats. 2001, Ch. 32, Sec. 1. Effective January 1, 2002.)