California § 21100 - The service retirement allowance for a local miscellaneous member who is subject

§ 21100. The service retirement allowance for a local miscellaneous member who is subject

(a) The service retirement allowance for a local miscellaneous member who is subject to this article is a pension derived from the contributions of the employer sufficient, when added to the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of retirement, to equal 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 local miscellaneous service subject to this article: Fraction 50 .5000 50¼ .5167 50½ .5334 50¾ .5500 51 .5667 51¼ .5834 51½ .6000 51¾ .6167 52 .6334 52¼ .6500 52½ .6667 52¾ .6834 53 .7000 53¼ .7167 53½ .7334 53¾ .7500 54 .7667 54¼ .7834 54½ .8000 54¾ .8167 55 .8334 55¼ .8500 55½ .8667 55¾ .8834 56 .9000 56¼ .9167 56½ .9334 56¾ .9500 57 .9667 57¼ .9834 57½ 1.0000 57¾ 1.0167 58 1.0334 58¼ 1.0500 58½ 1.0667 58¾ 1.0834 59 1.1000 59¼ 1.1167 59½ 1.1334 59¾ 1.1500 60 1.1667 60¼ 1.1834 60½ 1.2000 60¾ 1.2167 61 1.2334 61¼ 1.2500 61½ 1.2667 61¾ 1.2834 62 1.3000 62¼ 1.3167 62½ 1.3334 62¾ 1.3500 63 1.3667 63¼ 1.3834 63½ 1.4000 63¾ 1.4167 64 1.4334 64¼ 1.4500 64½ 1.4667 64¾ 1.4834 65 1.5000 (b) The service retirement allowance for a local miscellaneous member who, pursuant to Section 21095, elects to be subject to this article shall be the sum of the allowance for service rendered subsequent to the effective date of the election computed pursuant to subdivision (a) of this section, added to the allowance for service rendered as a local miscellaneous member prior to the effective date of the election, computed pursuant to the formula specified in the employer’s contract with the board.