BILL NUMBER: AB 1682	CHAPTERED  07/03/01

	CHAPTER  32
	FILED WITH SECRETARY OF STATE  JULY 3, 2001
	APPROVED BY GOVERNOR  JULY 2, 2001
	PASSED THE SENATE  JUNE 18, 2001
	PASSED THE ASSEMBLY  MAY 10, 2001

INTRODUCED BY   Committee on Public Employees, Retirement and Social
Security (Havice (Chair), Canciamilla (Vice Chair), Briggs, Chan,
Firebaugh, Pescetti, and Strom-Martin)

                        FEBRUARY 28, 2001

   An act to amend Section 31664 of the Government Code, relating to
county employees' retirement.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1682, Committee on Public Employees, Retirement and Social
Security.    County employees' disability retirement:  benefits.
   The County Employees Retirement Law of 1937 prescribes service
retirement benefits for safety members, as defined, based on a
specified 2% at age 50 formula.
   This bill would make changes to some of the age factors used to
calculate service retirement benefits under that formula and make
technical changes to that provision.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 31664 of the Government Code is amended to
read:
   31664.  Notwithstanding any other provisions of this chapter, the
current service pension or the current service pension combined with
the prior service pension is an additional pension for safety members
purchased by the contributions of the county or district sufficient
when added to the service retirement annuity to equal the fraction of
one-fiftieth of the member's final compensation set forth opposite
his or her age at retirement taken to the preceding completed quarter
year in the following table, multiplied by the number of years of
current service or years of current and prior service with which the
member is entitled to be credited at retirement, but in no event
shall the total retirement allowance exceed the limitation of the
safety member's final compensation as set forth in Section 31676.1 as
it now reads or may hereafter be amended to read:



            Age at retirement                            Fraction
                41     ...............................     .6258
                41 1/4 ...............................     .6350
                41 1/2 ...............................     .6442
                41 3/4 ...............................     .6533
                42     ...............................     .6625
                42 1/4 ...............................     .6720
                42 1/2 ...............................     .6814
                42 3/4 ...............................     .6909
                43     ...............................     .7004
                43 1/4 ...............................     .7102
                43 1/2 ...............................     .7200
                43 3/4 ...............................     .7299
                44     ...............................     .7397
                44 1/4 ...............................     .7499
                44 1/2 ...............................     .7601
                44 3/4 ...............................     .7703
                45     ...............................     .7805
                45 1/4 ...............................     .7910
                45 1/2 ...............................     .8016
                45 3/4 ...............................     .8121
                46     ...............................     .8226
                46 1/4 ...............................     .8339
                46 1/2 ...............................     .8452
                46 3/4 ...............................     .8566
                47     ...............................     .8678
                47 1/4 ...............................     .8780
                47 1/2 ...............................     .8882
                47 3/4 ...............................     .8983
                48     ...............................     .9085
                48 1/4 ...............................     .9194
                48 1/2 ...............................     .9304
                48 3/4 ...............................     .9413
                49     ...............................     .9522
                49 1/4 ...............................     .9641
                49 1/2 ...............................     .9761
                49 3/4 ...............................     .9880
                50     ...............................    1.0000
                50 1/4 ...............................    1.0130
                50 1/2 ...............................    1.0259
                50 3/4 ...............................    1.0387
                51     ...............................    1.0516
                51 1/4 ...............................    1.0656
                51 1/2 ...............................    1.0796
                51 3/4 ...............................    1.0937
                52     ...............................    1.1078
                52 1/4 ...............................    1.1231
                52 1/2 ...............................    1.1384
                52 3/4 ...............................    1.1538
                53     ...............................    1.1692
                53 1/4 ...............................    1.1859
                53 1/2 ...............................    1.2028
                53 3/4 ...............................    1.2195
                54     ...............................    1.2366
                54 1/4 ...............................    1.2547
                54 1/2 ...............................    1.2730
                54 3/4 ...............................    1.2915
                55 and over .........................     1.3099


   The fraction herein set forth shall be used until adjusted by each
board for its retirement system in accordance with the interest and
mortality tables adopted by that board.
   Contributions shall not be made by safety members having credit
for 30 years of continuous service.