31676.01. This section shall be operative in a county at such time or times as may be mutually agreed to in memoranda of understanding executed by the employer and employee representatives if the board of supervisors adopts, by majority vote, a resolution declaring that the section shall be operative in the county. 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-ninetieth 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 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 of Retirement
Fraction
50 ........................
.7091
50¼ ........................
.7183
50½ ........................
.7274
50¾ ........................
.7366
51 ........................
.7457
51¼ ........................
.7547
51½ ........................
.7637
51¾ ........................
.7726
52 ........................
.7816
52¼ ........................
.7907
52½ ........................
.7999
52¾ ........................
.8090
53 ........................
.8181
53¼ ........................
.8275
53½ ........................
.8369
53¾ ........................
.8462
54 ........................
.8556
54¼ ........................
.8656
54½ ........................
.8755
54¾ ........................
.8855
55 ........................ ........................
.8954
55¼ ........................
.9061
55½ ........................
.9168
55¾ ........................
.9275
56 ........................
.9382
56¼ ........................
.9498
56½ ........................
.9614
56¾ ........................
.9730
57 ........................ ........................
.9846
57¼ ........................
.9972
57½ ........................
1.0098
57¾ ........................
1.0224
58 ........................
1.0350
58¼ ........................
1.0487
58½ ........................
1.0625
58¾ ........................
1.0762
59 ........................
1.0899
59¼ ........................
1.1049
59½ ........................
1.1199
59¾ ........................
1.1349
60 ........................
1.1500
60¼ ........................
1.1611
60½ ........................
1.1723
60¾ ........................
1.1835
61 ........................
1.1947
61¼ ........................
1.2097
61½ ........................
1.2247
61¾ ........................
1.2398
62 ........................
1.2548
62¼ ........................
1.2707
62½ ........................
1.2867
62¾ ........................
1.3026
63 ........................
1.3186
63¼ ........................
1.3355
63½ ........................
1.3525
63¾ ........................
1.3695
64 ........................
1.3865
64¼ ........................
1.4047
64½ ........................
1.4229
64¾ ........................
1.4411
65 and over ........................
1.4593
The fractions herein set forth shall be used until adjusted by each board for its retirement system in accordance with the interest and mortality tables adopted by each such board with respect to its retirement system.
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.
(Amended (as added by Stats. 1993, Ch. 61) by Stats. 1993, Ch. 714, Sec. 1. Effective January 1, 1994.)