California § 21076.5 - The service retirement allowance for a state miscellaneous or state industrial me

§ 21076.5. 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 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 52 1 4 0.6600 52 1 2 0.6700 52 3 4 0.6800 53 0.6900 53 1 4 0.7000 53 1 2 0.7100 53 3 4 0.7200 54 0.7300 54 1 4 0.7400 54 1 2 0.7500 54 3 4 0.7600 55 0.7700 55 1 4 0.7800 55 1 2 0.7900 55 3 4 0.8000 56 0.8100 56 1 4 0.8200 56 1 2 0.8300 56 3 4 0.8400 57 0.8500 57 1 4 0.8600 57 1 2 0.8700 57 3 4 0.8800 58 0.8900 58 1 4 0.9000 58 1 2 0.9100 58 3 4 0.9200 59 0.9300 59 1 4 0.9400 59 1 2 0.9500 59 3 4 0.9600 60 0.9700 60 1 4 0.9800 60 1 2 0.9900 60 3 4 1.0000 61 1.0100 61 1 4 1.0200 61 1 2 1.0300 61 3 4 1.0400 62 1.0500 62 1 4 1.0600 62 1 2 1.0700 62 3 4 1.0800 63 1.0900 63 1 4 1.1000 63 1 2 1.1100 63 3 4 1.1200 64 1.1300 64 1 4 1.1400 64 1 2 1.1500 64 3 4 1.1600 65 1.1700 65 1 4 1.1800 65 1 2 1.1900 65 3 4 1.2000 66 1.2100 66 1 4 1.2200 66 1 2 1.2300 66 3 4 1.2400 67 1.2500 (b) This section shall not apply to a National Guard member.