The combined current and prior service pensions for a local miscellaneous member is a pension derived from the contribution 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 of Retirement
Fraction
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
55 ........................
1.000
55¼ ........................
1.007
55½ ........................
1.013
55¾ ........................
1.020
56 ........................
1.026
56¼ ........................
1.033
56½ ........................
1.039
56¾ ........................
1.046
57 ........................
1.052
57¼ ........................
1.059
57½ ........................
1.065
57¾ ........................
1.072
58 ........................
1.078
58¼ ........................
1.085
58½ ........................
1.091
58¾ ........................
1.098
59 ........................
1.105
59¼ ........................
1.111
59½ ........................
1.118
59¾ ........................
1.124
60 ........................
1.131
60¼ ........................
1.137
60½ ........................
1.144
60¾ ........................
1.150
61 ........................
1.157
61¼ ........................
1.163
61½ ........................
1.170
61¾ ........................
1.176
62 ........................
1.183
62¼ ........................
1.189
62½ ........................
1.196
62¾ ........................
1.202
63 ........................
1.209
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 paragraph 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.
This section shall supersede Section 21353 with respect to all local miscellaneous members who retire after the date this section becomes applicable to their respective employers.
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.
(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)