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§ 586.1. Normal Retirement Age.

2 CA ADC § 586.1Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 2. Administration
Division 1. Administrative Personnel
Chapter 2. Board of Administration of Public Employees' Retirement System
Subchapter 1. Employees' Retirement System Regulations
Article 7.5. Normal Retirement Age and Bona Fide Separation in Service
2 CCR § 586.1
§ 586.1. Normal Retirement Age.
Currentness
(a) The normal retirement age of a member shall be the later of:
(1) the age when the member is first eligible to retire pursuant to Article 1 through Article 5 of Chapter 12, Part 3, Division 5 of Title 2 of the Government Code; or
(2) the highest specified age applicable to the member in the benefit formula, not to exceed age 62, where the highest specified age is defined as:
(A) 62 if the member is entitled to benefits under Government Code sections 20176, 21076.5, 21100, or 7522.20;
(B) 60 if the member is entitled to benefits under Government Code sections 21353 or 21354.3;
(C) 57 if the member is entitled to benfits under Government Code section 7522.25;
(D) 55 if the member is entitled to benefits under Government Code sections 21354, 21354.1, 21354.4, 21354.5, 21363, 21363.1, 21366, 21369, 21369.1, or 21369.2; and
(E) 50 if the member is entitled to benefits under Government Code sections 21362, 21362.2, 21363.3, 21363.4 or 21363.8.
(b) In the event an existing benefit formula is modified or a new benefit formula is enacted, the chief actuary may determine the normal retirement age until such time that the regulations may be amended.

Credits

Note: Authority cited: Sections 20121 and 21220.5, Government Code. Reference: Section 21220.5, Government Code.
History
1. New section filed 8-20-2004; operative 9-19-2004 (Register 2004, No. 34).
2. Amendment of subsections (a)(2)-(a)(2)(A), new subsection (a)(2)(C), subsection relettering and amendment of newly designated subsection (a)(2)(D) filed 3-12-2018; operative 7-1-2018 (Register 2018, No. 11).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 2, § 586.1, 2 CA ADC § 586.1
End of Document