(a) The service retirement allowance for a state miscellaneous or state industrial member who first becomes a member on or after January 1, 2013, who has elected the benefits of this section is a pension equal to 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 state miscellaneous service:

Fraction

52 ........................

0.6500

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

0.6600

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

0.6700

0.6800

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

0.6900

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

0.7000

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

0.7100

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

0.7200

54 ........................

0.7300

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

0.7400

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

0.7500

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

0.7600

55 ........................

0.7700

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

0.7800

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

0.7900

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

0.8000

56 ........................

0.8100

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

0.8200

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

0.8300

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

0.8400

57 ........................

0.8500

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

0.8600

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

0.8700

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

0.8800

58 ........................

0.8900

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

0.9000

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

0.9100

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

0.9200

59 ........................

0.9300

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

0.9400

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

0.9500

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

0.9600

60 ........................

0.9700

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

0.9800

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

0.9900

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

1.0000

61 ........................

1.0100

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

1.0200

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

1.0300

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

1.0400

62 ........................

1.0500

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

1.0600

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

1.0700

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

1.0800

63 ........................

1.0900

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

1.1000

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

1.1100

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

1.1200

64 ........................

1.1300

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

1.1400

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

1.1500

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

1.1600

65 ........................

1.1700

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

1.1800

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

1.1900

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

1.2000

66 ........................

1.2100

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

1.2200

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

1.2300

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

1.2400

67 ........................

1.2500

(b) This section shall not apply to a National Guard member.

(Added by Stats. 2012, Ch. 296, Sec. 26. (AB 340) Effective January 1, 2013.)