This section may be made applicable in any county on the first day of the month after the board of supervisors of the county adopts, by majority vote, a resolution providing that this section shall become applicable in the county. 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 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 the member’s 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 member’s final compensation.

Age at Retirement

Terms Used In California Government Code 31676.16

  • 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

Fraction

50  ……………………

0.713

50¼  ……………………

0.725

50½  ……………………

0.737

50¾  ……………………

0.749

51  ……………………

0.761

51¼  ……………………

0.775

51½  ……………………

0.788

51¾  ……………………

0.801

52  ……………………

0.814

52¼  ……………………

0.828

52½  ……………………

0.843

52¾  ……………………

0.857

53  ……………………

0.871

53¼  ……………………

0.886

53½  ……………………

0.902

53¾  ……………………

0.917

54  ……………………

0.933

54¼  ……………………

0.950

54½  ……………………

0.966

54¾  ……………………

0.983

55  ……………………

1.000

55¼  ……………………

1.007

55½  ……………………

1.013

55¾  ……………………

1.020

56  ……………………

1.026

56¼  ……………………

1.033

56½  ……………………

1.039

56¾  ……………………

1.046

57  ……………………

1.052

57¼  ……………………

1.059

57½  ……………………

1.065

57¾  ……………………

1.072

58  ……………………

1.078

58¼  ……………………

1.085

58 ½  ……………………

1.091

58 ¾  ……………………

1.098

59  ……………………

1.105

59¼  ……………………

1.111

59½  ……………………

1.118

59¾  ……………………

1.124

60  ……………………

1.131

60¼  ……………………

1.137

60½  ……………………

1.144

60¾  ……………………

1.150

61  ……………………

1.157

61¼  ……………………

1.163

61½  ……………………

1.170

61¾  ……………………

1.176

62  ……………………

1.183

62¼  ……………………

1.189

62½  ……………………

1.196

62¾  ……………………

1.202

63 and over   ……………………

1.209

The fractions 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 each board with respect to its retirement system.

In any county operating under this section any limitation in any provisions of this chapter upon the amount of compensation used for computing rates of contributions shall be disregarded.

Wherever in this chapter reference is made to survivorship benefits and rights under Section 31676.1, the same shall apply to this section.

(Added by Stats. 2000, Ch. 882, Sec. 3. Effective January 1, 2001.)

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