2011 California Code
Government Code
TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000 - 22980]
ARTICLE 4. Alternative Supplemental Service Retirement Plans for Local Miscellaneous Members of Riverside County
Section 20553


CA Govt Code § 20553 (through 2012 Leg Sess) What's This?

The combined current and prior service pensions for a local miscellaneous member whose service is subject to this section 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-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 local miscellaneous service subject to this article, with which the member is entitled to be credited at retirement:

Age of

Retirement

Fraction

50 ........................

.688

50 ........................

.698

50 ........................

.709

50 ........................

.719

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

.730

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

.741

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

.753

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

.764

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

.776

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

.788

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

.800

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

.813

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

.825

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

.839

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

.852

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

.865

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

.879

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

.893

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

.908

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

.923

55 ........................

.937

55 ........................

.953

55 ........................

.969

55 ........................

.985

56 ........................

1.000

56 ........................

1.017

56 ........................

1.034

56 ........................

1.050

57 ........................

1.067

57 ........................

1.084

57 ........................

1.101

57 ........................

1.119

58 ........................

1.136

58 ........................

1.154

58 ........................

1.173

58 ........................

1.191

59 and over ........................

1.209

The fraction specified in the above table shall be reduced by one-third as applied to that part of final compensation that does not exceed four hundred dollars ($400) per month for all service of a member that has also been included in the federal system.

A local miscellaneous member subject to this section shall be retired for service upon his or her written applications to the board if he or she has attained age 50 and is credited with five years of state service.

(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)

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