JurisdictionCaliforniaCode GOVGovernment Code - GOV
Div.5.
Title 2.DIVISION 5. PERSONNEL
Part 3.PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Ch. 13.CHAPTER 13. Retirement Benefits
Art. 4.ARTICLE 4. Retirement for Service
This text of California § 21366. (21366. (Repealed and added by Stats. 1995, Ch. 379, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
The combined prior and current service pensions for patrol members and local safety members, other than local safety members to whom Section 21362, 21368, or 21369 applies, upon retirement at or after age 55 is a pension derived from contributions of the employer that, when added to that portion of the service retirement annuity that is derived from the accumulated normal contributions of the member, shall equal a percentage of his or her final compensation, multiplied by the number of years of patrol, fire, police, or county peace officer service, the percentage to
be 2
or, if less, the percentage obtained by division of 50 percent by the difference between age 55 and the member’s age at his or her birthday nearest to the date of his or her first entry into any service to which this s
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The combined prior and current service pensions for patrol members and local safety members, other than local safety members to whom Section 21362, 21368, or 21369 applies, upon retirement at or after age 55 is a pension derived from contributions of the employer that, when added to that portion of the service retirement annuity that is derived from the accumulated normal contributions of the member, shall equal a percentage of his or her final compensation, multiplied by the number of years of patrol, fire, police, or county peace officer service, the percentage to
be 2
or, if less, the percentage obtained by division of 50 percent by the difference between age 55 and the member’s age at his or her birthday nearest to the date of his or her first entry into any service to which this section, former Section 21252.10, as amended by Chapter 1657 of the Statutes of 1971, or former Section 21252.2, as amended by Chapter 752 of the Statutes of 1969, prior to their repeal by Chapter 1098 of the Statutes of 1972 applied, whether or not the service is credited at retirement, increased, as to service following an absence from employment to which any of those sections applies, by the number of completed years of the absence. Any member entering that service at or after age 55 shall be deemed, for purposes of this section, to have entered the service at age 54.
1
2
Upon retirement for service prior to attaining age 55, the percentage of
final compensation payable for each year of credited service that is subject to this section shall be the product of the percentage that would become payable at age 55 or, if greater, the age at which the member would complete 20 years of service under Section 21366 were he or she to continue in employment, multiplied by the factor set forth in the following table for his or her actual age at retirement:
If retirement occurs at age:
The percent for
each year of
credited service
is:
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
The amendment to this section by Chapter 941 of the Statutes of 1968 shall apply only to those members retiring on and after December 1, 1968. Current and prior service pensions of those members retired prior to December 1, 1968 shall be continued in accordance with the provisions of this part as they existed on November 30, 1968.
This section shall not apply to any local safety member in the employ of an employer not subject to this section on March 4, 1972.