Cal. Gov. Code § 21076.5

Current through the 2024 Legislative Session.

Section 21076.5 - Second Tier retirement allowance for persons becoming members on or after January 1, 2013

(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
521/4 ........................	0.6600
521/2 ........................	0.6700
523/4 ........................	0.6800
53 ........................	0.6900
531/4 ........................	0.7000
531/2 ........................	0.7100
533/4 ........................	0.7200
54 ........................	0.7300
541/4 ........................	0.7400
541/2 ........................	0.7500
543/4 ........................	0.7600
55 ........................	0.7700
551/4 ........................	0.7800
551/2 ........................	0.7900
553/4 ........................	0.8000
56 ........................	0.8100
561/4 ........................	0.8200
561/2 ........................	0.8300
563/4 ........................	0.8400
57 ........................	0.8500
571/4 ........................	0.8600
571/2 ........................	0.8700
573/4 ........................	0.8800
58 ........................	0.8900
581/4 ........................	0.9000
581/2 ........................	0.9100
583/4 ........................	0.9200
59 ........................	0.9300
591/4 ........................	0.9400
591/2 ........................	0.9500
593/4 ........................	0.9600
60 ........................	0.9700
601/4 ........................	0.9800
601/2 ........................	0.9900
603/4 ........................	1.0000
61 ........................	1.0100
611/4 ........................	1.0200
611/2 ........................	1.0300
613/4 ........................	1.0400
62 ........................	1.0500
621/4 ........................	1.0600
621/2 ........................	1.0700
623/4 ........................	1.0800
63 ........................	1.0900
631/4 ........................	1.1000
631/2 ........................	1.1100
633/4 ........................	1.1200
64 ........................	1.1300
641/4 ........................	1.1400
641/2 ........................	1.1500
643/4 ........................	1.1600
65 ........................	1.1700
651/4 ........................	1.1800
651/2 ........................	1.1900
653/4 ........................	1.2000
66 ........................	1.2100
661/4 ........................	1.2200
661/2 ........................	1.2300
663/4 ........................	1.2400
67 ........................	1.2500

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

Ca. Gov. Code § 21076.5

Added by Stats 2012 ch 296 (AB 340),s 26, eff. 1/1/2013.