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Government Code § 21076.5

‹ § 21076§ 21077Open in browserleginfo ↗

21076.5.

(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

5214

0.6600

5212

0.6700

5234

0.6800

53

0.6900

5314

0.7000

5312

0.7100

5334

0.7200

54

0.7300

5414

0.7400

5412

0.7500

5434

0.7600

55

0.7700

5514

0.7800

5512

0.7900

5534

0.8000

56

0.8100

5614

0.8200

5612

0.8300

5634

0.8400

57

0.8500

5714

0.8600

5712

0.8700

5734

0.8800

58

0.8900

5814

0.9000

5812

0.9100

5834

0.9200

59

0.9300

5914

0.9400

5912

0.9500

5934

0.9600

60

0.9700

6014

0.9800

6012

0.9900

6034

1.0000

61

1.0100

6114

1.0200

6112

1.0300

6134

1.0400

62

1.0500

6214

1.0600

6212

1.0700

6234

1.0800

63

1.0900

6314

1.1000

6312

1.1100

6334

1.1200

64

1.1300

6414

1.1400

6412

1.1500

6434

1.1600

65

1.1700

6514

1.1800

6512

1.1900

6534

1.2000

66

1.2100

6614

1.2200

6612

1.2300

6634

1.2400

67

1.2500

(b) This section shall not apply to a National Guard member.

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