California Government Code 31675 – The current service pension is a pension, purchased by the …
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The current service pension is a pension, purchased by the contributions of the county or district, equal to that portion of the annuity purchased by the accumulated normal contributions of the member.
(Added by Stats. 1947, Ch. 424.)
Terms Used In California Government Code 31675
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- County: includes city and county. See California Government Code 19