(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.

(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)