(a) Each retirement system that offers a defined benefit plan for nonsafety members of the system shall use the formula prescribed by this section. The defined benefit plan shall provide a pension at retirement for service equal to the percentage of the member’s final compensation set forth opposite the member’s age at retirement, taken to the preceding quarter year, in the following table, multiplied by the number of years of service in the system as a nonsafety member. A member may retire for service under this section after five years of service and upon reaching 52 years of age.

52  ........................

521/4 ........................

1.025

521/2 ........................

1.050

523/4  ........................

1.075

53  ........................ ........................

1.100

531/4 ........................

1.125

531/2 ........................

1.150

533/4 ........................

1.175

54  ........................

1.200

541/4 ........................

1.225

541/2 ........................

1.250

543/4 ........................

1.275

55  ........................

1.300

551/4 ........................

1.325

551/2 ........................

1.350

553/4 ........................

1.375

56  ........................

1.400

561/4 ........................

1.425

561/2 ........................

1.450

563/4 ........................

1.475

57  ........................

1.500

571/4 ........................

1.525

571/2 ........................

1.550

573/4 ........................

1.575

58  ........................

1.600

581/4 ........................

1.625

581/2 ........................

1.650

583/4 ........................

1.675

59  ........................

1.700

591/4 ........................

1.725

591/2 ........................

1.750

593/4 ........................

1.775

60  ........................

1.800

601/4 ........................

1.825

601/2 ........................

1.850

603/4 ........................

1.875

61  ........................

1.900

611/4 ........................

1.925

611/2 ........................

1.950

613/4 ........................

1.975

62  ........................

2.000

621/4 ........................

2.025

621/2 ........................

2.050

623/4 ........................

2.075

63  ........................

2.100

631/4 ........................

2.125

631/2 ........................

2.150

633/4 ........................

2.175

64  ........................

2.200

641/4 ........................

2.225

641/2 ........................

2.250

643/4 ........................

2.275

65  ........................

2.300

651/4 ........................

2.325

651/2 ........................

2.350

653/4 ........................

2.375

66  ........................

2.400

661/4 ........................

2.425

661/2 ........................

2.450

663/4 ........................

2.475

67  ........................

2.500

(b) Pensionable compensation used to calculate the defined benefit shall be limited as described in Section 7522.10.

(c) A new member of the State Teachers’ Retirement System shall be subject to the formula established pursuant to Section 24202.6 of the Education Code.

(Amended by Stats. 2013, Ch. 76, Sec. 74. (AB 383) Effective January 1, 2014.)