2023 California Code › Government Code - GOV › TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA › DIVISION 5 - PERSONNEL › PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM › CHAPTER 12 - Retirement from Employment › ARTICLE 2 - Second Tier Retirement State › Section 21076.

21076. (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.
(Amended by Stats. 2012, Ch. 296, Sec. 25. (AB 340) Effective January 1, 2013.)