(a)The combined current and prior service pensions for a local miscellaneous member 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 current and
prior service except service in a category of membership other than that of local miscellaneous member with which the member is entitled to be credited at retirement:
Age at
Retirement
Fraction
50
1.0000
50¼
1.0125
50½
1.0250
50¾
1.0375
51
1.0500
51¼
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(a)
The combined current and prior service pensions for a local miscellaneous member 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 current and
prior service except service in a category of membership other than that of local miscellaneous member with which the member is entitled to be credited at retirement:
Age at
Retirement
Fraction
50
1.0000
50¼
1.0125
50½
1.0250
50¾
1.0375
51
1.0500
51¼
1.0625
51½
1.0750
51¾
1.0875
52
1.1000
52¼
1.1125
52½
1.1250
52¾
1.1375
53
1.1500
53¼
1.1625
53½
1.1750
53¾
1.1875
54
1.2000
54¼
1.2125
54½
1.2250
54¾
1.2375
55
1.2500
55¼
1.2625
55½
1.2750
55¾
1.2875
56
1.3000
56¼
1.3125
56½
1.3250
56¾
1.3375
57
1.3500
57¼
1.3625
57½
1.3750
57¾
1.3875
58
1.4000
58¼
1.4125
58½
1.4250
58¾
1.4375
59
1.4500
59¼
1.4625
59½
1.4750
59¾
1.4875
60 and over
1.5000
(b)
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 services of a member any of whose service has been included in the federal system. This reduction shall not apply to a member employed by a contracting agency that enters into a contract after July 1, 1971, and who elects not to be subject to this subdivision or with respect to service rendered after the termination of coverage under the federal system with respect to the coverage group to which the member belongs.
(c)
This section shall supersede Sections 21353, 21354, 21354.1, 21354.4, and 21354.5 with respect to a local miscellaneous member who is employed by a contracting agency on or after the date this section becomes applicable to the contracting agency.
(d)
This section shall not apply to a contracting agency nor its employees until the contracting agency elects to make all local miscellaneous members subject to it by amendment to its contract made in the manner prescribed for approval of contracts or in the case of a new contract, by express provision of the contract. The operative date of this section with respect to a local miscellaneous member shall be the effective date of the amendment to his or her employer’s contract electing to be subject to this section.
(e)
(1)
Notwithstanding subdivision (d) and for purposes of this subdivision, “Riverside County contracting agency” means any of the following:
(A)
County of Riverside.
(B)
County of Riverside Regional Park and Open-Space
District.
(C)
County of Riverside Waste Resources Management District.
(D)
County of Riverside Flood Control and Water Conservation District.
(2)
This section shall apply to a former employee of a Riverside County contracting agency if that former employee is currently employed by another Riverside County contracting agency. This section shall not apply to a Riverside County contracting agency nor the current or former employees of that Riverside County contracting agency until the Riverside County contracting agency elects to make all local miscellaneous members subject to this section by amendment to the contract of that Riverside County contracting agency, made in the manner prescribed for approval of contracts, or in the case of a new contract, by express provision of the contract. The provisions of this section
shall apply with respect to a local miscellaneous member on the effective date of the amendment to the Riverside County contracting agency’s contract electing to be subject to this section.