§ 31676.15. — 31676.15. (Amended by Stats. 2007, Ch. 86, Sec. 2.)

California § 31676.15.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 4.
• Title 3.: DIVISION 4. EMPLOYEES
• Part 3.: PART 3. RETIREMENT SYSTEMS
• Ch. 3.: CHAPTER 3. County Employees Retirement Law of 1937
• Art. 8.: ARTICLE 8. Retirement for Service

Text

(a)
Except as provided in subdivision (d), this section may be made applicable in any county which has implemented the provisions of Article 15.6 (commencing with Section 31855). This section shall be applicable if a majority of all the members of the board of supervisors vote to adopt a resolution so to do and a majority of the members of the affected class or classes voting at an election held during 1974, with more than 50 percent of the members participating, favor the termination of retirement benefits under social security. The
resolution may specify a date subsequent to the date of adoption of the resolution as the operative date for this section.
(b)
(1)
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 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
Fraction
50
.7454
50¼
.7561
50½
.7668
50¾
.7775
51
.7882
51¼
.7998
51½
.8114
51¾
.8230
52
.8346
52¼
.8472
52½
.8598
52¾
.8724
53
.8850
53¼
.8987
53½
.9125
53¾
.9262
54
.9399
54¼
.9549
54½
.9699
54¾
.9849
55
1.0000
55¼
1.0111
55½
1.0223
55¾
1.0335
56
1.0447
56¼
1.0597
56½
1.0747
56¾
1.0898
57
1.1048
57¼
1.1207
57½
1.1367
57¾
1.1526
58
1.1686
58¼
1.1855
58½
1.2025
58¾
1.2195
59
1.2365
59¼
1.2547
59½
1.2729
59¾
1.2911
60
1.3093
60¼
1.3221
60½
1.3350
60¾
1.3479
61
1.3608
61¼
1.3736
61½
1.3865
61¾
1.3994
62
1.4123
62¼
1.4251
62½
1.4380
62¾
1.4509
63
1.4638
63¼
1.4766
63½
1.4895
63¾
1.5024
64
1.5153
64¼
1.5281
64½
1.5410
64¾
1.5539
65
1.5668
(2)
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.
(c)
Whenever in this chapter reference is made to survivorship
and other benefits and rights under Section 31676.1, the same shall apply to this section.
(d)
Notwithstanding the requirements of subdivision (a), the provisions of this section shall be applicable in a county of the 12th Class, as described in Sections 28020 and 28033, after the board of supervisors of the county adopts a resolution to do so. The provisions adopted pursuant to this subdivision may be made applicable without regard to the requirement of implementing Article 15.6 (commencing with Section 31855) or the requirement of terminating benefits under social security. The provisions adopted pursuant to this subdivision shall apply only to either of the following:
(1)
Members first hired by the county on and after the date this section becomes operative in the county.
(2)
Members represented by Service
Employees International Union Local 521 whose retirement benefits were established pursuant to Section 31676.16 prior to the date this section becomes operative in the county.

Legislative History

Amended by Stats. 2007, Ch. 86, Sec. 2. Effective July 17, 2007.