The combined current and prior service pensions for a local miscellaneous member whose service is subject to this article is a pension derived from the contributions of the employee which, when added to the service retirement annuity that is derived from the accumulated normal contributions of the member at the date of retirement shall 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:

Age at

Retirement

Fraction

55  ........................

.5000

55¼  ........................

.5250

55½  ........................

.5500

55¾  ........................

.5750

56  ........................

.6000

56¼  ........................

.6250

56½  ........................

.6500

56¾  ........................

.6750

57  ........................

.7000

57¼  ........................

.7250

57½  ........................

.7500

57¾  ........................

.7750

58  ........................

.8000

58¼  ........................

.8250

58½  ........................

.8500

58¾  ........................

.8750

59  ........................

.9000

59¼  ........................

.9250

59½  ........................

.9500

59¾  ........................

.9750

60  ........................

1.0000

60¼  ........................

1.0250

60½  ........................

1.0500

60¾  ........................

1.0750

61  ........................

1.1000

61¼  ........................

1.1250

61½  ........................

1.1500

61¾  ........................

1.1750

62  ........................

1.2000

62¼  ........................

1.2250

62½  ........................

1.2500

62¾  ........................

1.2750

63  ........................

1.3000

63¼  ........................

1.3250

63½  ........................

1.3500

63¾  ........................

1.3750

64  ........................

1.4000

64¼  ........................

1.4250

64½  ........................

1.4500

64¾  ........................

1.4750

65  ........................

1.5000

Notwithstanding any other provision of this part, the retirement allowance formula for any member subject to this section who has 35 years of credited service and attains age 55 years, is the fraction of final compensation set forth above at age 65 multiplied by the current and prior service subject to this section that the member is credited with at retirement.

A local miscellaneous member subject to this section shall be retired for service upon his or her written application to the board if he or she has attained age 55 and is credited with five years of state service.

(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)