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Section 24702 Of Chapter 32. San Francisco Local System From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 32.
24702
. (a) All persons on the San Francisco system retired rolls on
June 30, 1972, shall remain on the local rolls. The State Teachers'
Retirement System shall continue the subvention in Section 24706 for
those persons, shall apply the percentage update and annual
improvement factor to payments being made under the Defined Benefit
Program directly to those persons, and shall pay the retired death
payment upon their death.
(b) The allowance that would have been payable had the member retired solely under the Defined Benefit Program, including the percentage update calculated under Sections 14332, 14333, and 14334, as enacted by Chapter 2 of the Statutes of 1959, as those sections read on December 31, 1974, shall be taken into account in computing the amount of increase for the ten dollar ($10) a month per year of service minimum unmodified allowance.
(b) The allowance that would have been payable had the member retired solely under the Defined Benefit Program, including the percentage update calculated under Sections 14332, 14333, and 14334, as enacted by Chapter 2 of the Statutes of 1959, as those sections read on December 31, 1974, shall be taken into account in computing the amount of increase for the ten dollar ($10) a month per year of service minimum unmodified allowance.
