The combined current and prior service pensions for a local miscellaneous member whose service is subject to this section 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-fiftieth 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 number of years of local miscellaneous service subject to this article, with which the member is entitled to be credited at retirement:

Age of

Retirement

Fraction

50  ........................

.688

50¼  ........................

.698

50½  ........................

.709

50¾  ........................

.719

51  ........................

.730

51¼  ........................

.741

51½  ........................

.753

51¾  ........................

.764

52  ........................

.776

52¼  ........................

.788

52½  ........................

.800

52¾  ........................

.813

53  ........................

.825

53¼  ........................

.839

53½  ........................

.852

53¾  ........................

.865

54  ........................

.879

54¼  ........................

.893

54½  ........................

.908

54¾  ........................

.923

55  ........................

.937

55¼  ........................

.953

55½  ........................

.969

55¾  ........................

.985

56  ........................

1.000

56¼  ........................

1.017

56½  ........................

1.034

56¾  ........................

1.050

57  ........................

1.067

57¼  ........................

1.084

57½  ........................

1.101

57¾  ........................

1.119

58  ........................

1.136

58¼  ........................

1.154

58½  ........................

1.173

58¾  ........................

1.191

59 and over  ........................

1.209

The fraction specified in the above table shall be reduced by one-third as applied to that part of final compensation that does not exceed four hundred dollars ($400) per month for all service of a member that has also been included in the federal system.

A local miscellaneous member subject to this section shall be retired for service upon his or her written applications to the board if he or she has attained age 50 and is credited with five years of state service.

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