Government Code § 7522.20

7522.20.

(a) Each retirement system that offers a defined benefit plan for nonsafety members of the system shall use the formula prescribed by this section. The defined benefit plan shall provide a pension at retirement for service equal to the percentage of the member’s final compensation set forth opposite the member’s age at retirement, taken to the preceding quarter year, in the following table, multiplied by the number of years of service in the system as a nonsafety member. A member may retire for service under this section after five years of service and upon reaching 52 years of age.

Age of RetirementFraction

52

1.000

5214

1.025

5212

1.050

5234

1.075

53

1.100

5314

1.125

5312

1.150

5334

1.175

54

1.200

5414

1.225

5412

1.250

5434

1.275

55

1.300

5514

1.325

5512

1.350

5534

1.375

56

1.400

5614

1.425

5612

1.450

5634

1.475

57

1.500

5714

1.525

5712

1.550

5734

1.575

58

1.600

5814

1.625

5812

1.650

5834

1.675

59

1.700

5914

1.725

5912

1.750

5934

1.775

60

1.800

6014

1.825

6012

1.850

6034

1.875

61

1.900

6114

1.925

6112

1.950

6134

1.975

62

2.000

6214

2.025

6212

2.050

6234

2.075

63

2.100

6314

2.125

6312

2.150

6334

2.175

64

2.200

6414

2.225

6412

2.250

6434

2.275

65

2.300

6514

2.325

6512

2.350

6534

2.375

66

2.400

6614

2.425

6612

2.450

6634

2.475

67

2.500

(b) Pensionable compensation used to calculate the defined benefit shall be limited as described in Section 7522.10.

(c) A new member of the State Teachers’ Retirement System shall be subject to the formula established pursuant to Section 24202.6 of the Education Code.