§ 20552. — 20552. (Added by Stats. 1995, Ch. 379, Sec. 2.)

The combined current and prior service pensions for a local miscellaneous member whose service is subject to this article is a pension derived from the contributions of the employee which, when added to the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of retirement shall 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:
Age at
Retirement
Fraction
55
.5000
55¼
.5250
55½
.5500
55¾
.5750
56
.6000
56¼
.6250
56½
.6500
56¾
.6750
57
.7000
57¼
.7250
57½
.7500
57¾
.7750
58
.8000
58¼
.8250
58½
.8500
58¾
.8750
59
.9000
59¼
.9250
59½
.9500
59¾
.9750
60
1.0000
60¼
1.0250
60½
1.0500
60¾
1.0750
61
1.1000
61¼
1.1250
61½
1.1500
61¾
1.1750
62
1.2000
62¼
1.2250
62½
1.2500
62¾
1.2750
63
1.3000
63¼
1.3250
63½
1.3500
63¾
1.3750
64
1.4000
64¼
1.4250
64½
1.4500
64¾
1.4750
65
1.5000
Notwithstanding any other provision of this part, the retirement allowance formula for any member subject to this section who has 35 years of credited service and attains age 55 years, is the fraction of final compensation set forth above at age 65 multiplied by the current and prior service subject to this section that the member is credited with at retirement.
A local miscellaneous member subject to this section shall be retired for service upon his or her written application to the board if he or she has attained age 55 and is credited with five years of state service.

Legislative History

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