(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.