California § 21076 - The service retirement allowance for a state miscellaneous or state industrial me

§ 21076. The service retirement allowance for a state miscellaneous or state industrial me

(a) The service retirement allowance for a state miscellaneous or state industrial member 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 at Retirement Fraction 50 0.5000 50 1 4 0.5125 50 1 2 0.5250 50 3 4 0.5375 51 0.5500 51 1 4 0.5625 51 1 2 0.5750 51 3 4 0.5875 52 0.6000 52 1 4 0.6125 52 1 2 0.6250 52 3 4 0.6375 53 0.6500 53 1 4 0.6625 53 1 2 0.6750 53 3 4 0.6875 54 0.7000 54 1 4 0.7125 54 1 2 0.7250 54 3 4 0.7375 55 0.7500 55 1 4 0.7625 55 1 2 0.7750 55 3 4 0.7875 56 0.8000 56 1 4 0.8125 56 1 2 0.8250 56 3 4 0.8375 57 0.8500 57 1 4 0.8625 57 1 2 0.8750 57 3 4 0.8875 58 0.9000 58 1 4 0.9125 58 1 2 0.9250 58 3 4 0.9375 59 0.9500 59 1 4 0.9625 59 1 2 0.9750 59 3 4 0.9875 60 1.0000 60 1 4 1.0125 60 1 2 1.0250 60 3 4 1.0375 61 1.0500 61 1 4 1.0625 61 1 2 1.0750 61 3 4 1.0875 62 1.1000 62 1 4 1.1125 62 1 2 1.1250 62 3 4 1.1375 63 1.1500 63 1 4 1.1625 63 1 2 1.1750 63 3 4 1.1875 64 1.2000 64 1 4 1.2125 64 1 2 1.2250 64 3 4 1.2375 65 1.2500 (b) This section shall not apply to a National Guard member. (c) This section shall not apply to anyone who first becomes a member on or after January 1, 2013.