Article 4. Alternative Supplemental Service Retirement Plans For Local Miscellaneous Members Of Riverside County of California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 5. >> Article 4.

Notwithstanding any provision of this chapter, Riverside County may, after executing an agreement therefor, separate and apart from Chapter 10 (commencing with Section 3500) of Division 4 of Title 1, with representatives of recognized employee organizations, as defined by subdivision (b) of Section 3501, amend its contract to provide the alternate benefit afforded by Section 20552 for its local miscellaneous members whose service is included in the federal system and the benefit afforded by Section 20553 for all its local miscellaneous members. The employer's contribution rate shall be fixed pursuant to this article. Participation in the plan afforded by this article shall be available to any employee of the contracting agency who is a local miscellaneous member subject to Section 21353 on the day immediately preceding the effective date of a contract amendment entered into pursuant to this article. Each contracting agency shall ensure that each eligible member receives sufficient information to permit an informed election, is counseled regarding the financial implications of the foregoing choices, and receives an election document. The election document shall be filed with the contracting agency. A local miscellaneous member who is subject to this article shall also be subject to all other provisions of this part. However, in the event of a conflict, this article shall supersede and prevail over provisions or the application of provisions otherwise contained in this part.

A person who becomes a local miscellaneous member of a contracting agency on or after the effective date of the agency's contract to be subject to this article shall be subject to the benefits provided in Section 21353 but may, during an open 120-day period in each calendar year, to be determined by the contracting agency, make an irrevocable election to be subject, for all future local miscellaneous service with the contracting agency on and after the first of the month following the filing of the election with the employer, to the benefits provided by Section 20552 or Section 20553. A current member may make an irrevocable election to be subject to the benefits provided for in this article for all future local miscellaneous service with the contracting agency during an annual open 120-day period to be determined by the contracting agency and that shall be effective on the first of the month following the filing of the election with the employer. Notwithstanding any other provision of this article, a member who has elected to be subject to Section 20552 may, at any annual open period next following the attainment of 10 years of credited service with the contracting agency, irrevocably elect to be subject, prospectively only, to the benefits provided by Section 21353 or Section 20553. Any person who makes that election may never thereafter change that election.

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 55 1/4 ......................... .5250 55 1/2 ......................... .5500 55 3/4 ......................... .5750 56 ............................. .6000 56 1/4 ......................... .6250 56 1/2 ......................... .6500 56 3/4 ......................... .6750 57 ............................. .7000 57 1/4 ......................... .7250 57 1/2 ......................... .7500 57 3/4 ......................... .7750 58 ............................. .8000 58 1/4 ......................... .8250 58 1/2 ......................... .8500 58 3/4 ......................... .8750 59 ............................. .9000 59 1/4 ......................... .9250 59 1/2 ......................... .9500 59 3/4 ......................... .9750 60 ............................. 1.0000 60 1/4 ......................... 1.0250 60 1/2 ......................... 1.0500 60 3/4 ......................... 1.0750 61 ............................. 1.1000 61 1/4 ......................... 1.1250 61 1/2 ......................... 1.1500 61 3/4 ......................... 1.1750 62 ............................. 1.2000 62 1/4 ......................... 1.2250 62 1/2 ......................... 1.2500 62 3/4 ......................... 1.2750 63 ............................. 1.3000 63 1/4 ......................... 1.3250 63 1/2 ......................... 1.3500 63 3/4 ......................... 1.3750 64 ............................. 1.4000 64 1/4 ......................... 1.4250 64 1/2 ......................... 1.4500 64 3/4 ......................... 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.

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 50 1/4 ....................... .698 50 1/2 ....................... .709 50 3/4 ....................... .719 51 ........................... .730 51 1/4 ....................... .741 51 1/2 ....................... .753 51 3/4 ....................... .764 52 ........................... .776 52 1/4 ....................... .788 52 1/2 ....................... .800 52 3/4 ....................... .813 53 ........................... .825 53 1/4 ....................... .839 53 1/2 ....................... .852 53 3/4 ....................... .865 54 ........................... .879 54 1/4 ....................... .893 54 1/2 ....................... .908 54 3/4 ....................... .923 55 ........................... .937 55 1/4 ....................... .953 55 1/2 ....................... .969 55 3/4 ....................... .985 56 ........................... 1.000 56 1/4 ....................... 1.017 56 1/2 ....................... 1.034 56 3/4 ....................... 1.050 57 ........................... 1.067 57 1/4 ....................... 1.084 57 1/2 ....................... 1.101 57 3/4 ....................... 1.119 58 ........................... 1.136 58 1/4 ....................... 1.154 58 1/2 ....................... 1.173 58 3/4 ....................... 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.

Notwithstanding any provision of Chapter 8 (commencing with Section 20670), the normal rate of contribution for a local miscellaneous member subject to Section 20552 shall be 2 percent of the compensation paid to the member. A contracting agency may pay all or a portion of the normal contributions required to be paid by a local miscellaneous member pursuant to Section 20691. This section shall be construed as if it were a part of Chapter 8 (commencing with Section 20670).

(a) The normal rate of contribution for a local miscellaneous member subject to Section 20553 whose service is not included in the federal system shall be 8.25 percent of the compensation per month paid to the member.
  (b) The normal rate of contribution for a local miscellaneous member whose service is included in the federal system shall be 8.25 percent of compensation in excess of one hundred thirty-three dollars and thirty-three cents ($133.33) per month paid to the member. The rates of contribution established for local miscellaneous members in this section shall apply only to the compensation paid the member on and after the date that the member becomes subject to Section 20553. This section shall be construed as if it were part of Chapter 8 (commencing with Section 20670).

The employer contribution rate of a contracting agency subject to this article shall not be reduced because of concurrent coverage of social security.