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QUICK REFERENCE GUIDE III - DISABILITY RETIREMENT
FORMULAS
Estimated Unmodified Retirement Allowance*
As A Percentage Of Final Compensation
NONSERVICE-CONNECTED DISABILITY RETIREMENT FORMULAS
FORMULA 1
First Tier Miscellaneous Category Members
1.5% times your years of credited service = "X"%.
If "X"% is equal to or greater than 33-1/3%, you
receive "X"% of final compensation.
If "X"% is less than 33-1/3%, add
to the actual years of credited service, the number of years between
the retirement age (current) and age 65, and redo the calculation.
If the new "X"% is greater than 33-1/3%,
you receive 33-1/3% of final compensation.
If the new "X"% is equal to or less
than 33-1/3%, you receive that percentage of final compensation.
First Tier Safety Category Members-Representation
Units 001, 002, 004, 006
Substitute 1.5% (in the above) with 1.8%; and, replace age
65 with 55.
Do the calculation.
FORMULA 2
Second or Third Tier Miscellaneous Category
Members, First Tier Safety Category (Representation Unit 003) and Second Tier Safety
Also applicable to certain employees representation unit
members per memorandum of understanding.
| Years Credited Service |
Percentage of
Final Compensation |
| 5 |
20 |
| 6 |
22 |
| 7 |
24 |
| 8 |
26 |
| 9 |
28 |
| 10 |
30 |
| 11 |
32 |
| 12 |
34 |
| 13 |
35 |
| 14 |
38 |
| 15+ |
40 |
SERVICE-CONNECTED DISABILITY RETIREMENT FORMULA
First and Second Tier Safety, First Tier
Miscellaneous, Second Tier Miscellaneous and Third Tier Miscellaneous Category Members: 50%
of final compensation.
*Note: In the event a member's
service retirement benefit is higher than the nonservice or service connected disability
retirement benefit, SCERS may pay the service retirement benefit.
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