§ 21076.5. — 21076.5. (Added by Stats. 2012, Ch. 296, Sec. 26.)

California § 21076.5.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 5.
• Title 2.: DIVISION 5. PERSONNEL
• Part 3.: PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM
• Ch. 12.: CHAPTER 12. Retirement from Employment
• Art. 2.: ARTICLE 2. Second Tier Retirement—State

Text

(a)
The service retirement allowance for a state miscellaneous or state industrial member who first becomes a member on or after January 1, 2013, who has elected the benefits of this section is a pension equal to 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 state miscellaneous service:
Age of Retirement
Fraction
52
0.6500
52
1
4
0.6600
52
1
2
0.6700
52
3
4
0.6800
53
0.6900
53
1
4
0.7000
53
1
2
0.7100
53
3
4
0.7200
54
0.7300
54
1
4
0.7400
54
1
2
0.7500
54
3
4
0.7600
55
0.7700
55
1
4
0.7800
55
1
2
0.7900
55
3
4
0.8000
56
0.8100
56
1
4
0.8200
56
1
2
0.8300
56
3
4
0.8400
57
0.8500
57
1
4
0.8600
57
1
2
0.8700
57
3
4
0.8800
58
0.8900
58
1
4
0.9000
58
1
2
0.9100
58
3
4
0.9200
59
0.9300
59
1
4
0.9400
59
1
2
0.9500
59
3
4
0.9600
60
0.9700
60
1
4
0.9800
60
1
2
0.9900
60
3
4
1.0000
61
1.0100
61
1
4
1.0200
61
1
2
1.0300
61
3
4
1.0400
62
1.0500
62
1
4
1.0600
62
1
2
1.0700
62
3
4
1.0800
63
1.0900
63
1
4
1.1000
63
1
2
1.1100
63
3
4
1.1200
64
1.1300
64
1
4
1.1400
64
1
2
1.1500
64
3
4
1.1600
65
1.1700
65
1
4
1.1800
65
1
2
1.1900
65
3
4
1.2000
66
1.2100
66
1
4
1.2200
66
1
2
1.2300
66
3
4
1.2400
67
1.2500
(b)
This section shall not apply to a National Guard member.

Legislative History

Added by Stats. 2012, Ch. 296, Sec. 26. (AB 340) Effective January 1, 2013.