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<ns0:Id>20250AB__138396AMD</ns0:Id>
<ns0:VersionNum>96</ns0:VersionNum>
<ns0:History>
<ns0:Action>
<ns0:ActionText>INTRODUCED</ns0:ActionText>
<ns0:ActionDate>2025-02-21</ns0:ActionDate>
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<ns0:Action>
<ns0:ActionText>AMENDED_ASSEMBLY</ns0:ActionText>
<ns0:ActionDate>2025-03-10</ns0:ActionDate>
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<ns0:Action>
<ns0:ActionText>AMENDED_ASSEMBLY</ns0:ActionText>
<ns0:ActionDate>2025-04-11</ns0:ActionDate>
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<ns0:Action>
<ns0:ActionText>AMENDED_ASSEMBLY</ns0:ActionText>
<ns0:ActionDate>2026-01-22</ns0:ActionDate>
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<ns0:Action>
<ns0:ActionText>CORRECTED</ns0:ActionText>
<ns0:ActionDate>2026-01-27</ns0:ActionDate>
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<ns0:SessionYear>2025</ns0:SessionYear>
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<ns0:MeasureType>AB</ns0:MeasureType>
<ns0:MeasureNum>1383</ns0:MeasureNum>
<ns0:MeasureState>AMD</ns0:MeasureState>
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<ns0:AuthorText authorType="LEAD_AUTHOR">Introduced by Assembly Member McKinnor</ns0:AuthorText>
<ns0:AuthorText authorType="COAUTHOR_ORIGINATING">(Coauthors: Assembly Members Ahrens, Alanis, Ávila Farías, Boerner, Calderon, Castillo, Chen, Connolly, Flora, Hoover, Krell, Nguyen, Ortega, Patterson, Ramos, Ransom, and Solache)</ns0:AuthorText>
<ns0:AuthorText authorType="COAUTHOR_OPPOSITE">(Coauthors: Senators Grayson and Pérez)</ns0:AuthorText>
<ns0:Authors>
<ns0:Legislator>
<ns0:Contribution>LEAD_AUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>McKinnor</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Ahrens</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Alanis</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Ávila Farías</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Boerner</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Calderon</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Castillo</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Chen</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Connolly</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Flora</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Hoover</ns0:Name>
</ns0:Legislator>
<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Krell</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Nguyen</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Ortega</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Patterson</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Ramos</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Ransom</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>ASSEMBLY</ns0:House>
<ns0:Name>Solache</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>SENATE</ns0:House>
<ns0:Name>Grayson</ns0:Name>
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<ns0:Legislator>
<ns0:Contribution>COAUTHOR</ns0:Contribution>
<ns0:House>SENATE</ns0:House>
<ns0:Name>Pérez</ns0:Name>
</ns0:Legislator>
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<ns0:Title>An act to amend Sections 7522.10 and 7522.25 of, and to add Sections 7522.19 and 7522.26 to, the Government Code, relating to public employees’ retirement, and making an appropriation therefor.</ns0:Title>
<ns0:RelatingClause>public employees’ retirement, and making an appropriation therefor</ns0:RelatingClause>
<ns0:GeneralSubject>
<ns0:Subject>Public employees’ retirement benefits: safety members.</ns0:Subject>
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<html:p>The Public Employees’ Retirement Law (PERL) establishes the Public Employees’ Retirement System (PERS) to provide a defined benefit to members of the system based on final compensation, credited service, and age at retirement, subject to certain variations. Existing law creates the Public Employees’ Retirement Fund, which is continuously appropriated for purposes of PERS, including depositing employer and employee contributions. Under the California Constitution, assets of a public pension or retirement system are trust funds.</html:p>
<html:p>The California Public Employees’ Pension Reform Act of 2013 (PEPRA) establishes a variety of requirements and restrictions on public employers offering defined benefit pension plans. In this regard, PEPRA restricts the amount of compensation that may be applied for purposes of calculating a defined pension benefit for a new
member, as defined, by restricting it to specified percentages of the contribution and benefit base under a specified federal law with respect to old age, survivors, and disability insurance benefits.</html:p>
<html:p>Existing law, the Teachers’ Retirement Law, establishes the State Teachers’ Retirement System (STRS) and creates the Defined Benefit Program of the State Teachers’ Retirement Plan, which provides a defined benefit to members of the program, based on final compensation, creditable service, and age at retirement, subject to certain variations.</html:p>
<html:p>This bill, on and after January 1, 2027, would require a retirement system
subject to PEPRA to adjust pensionable compensation limits to be consistent with
specified percentages of the contribution and benefit base under the specified federal law with respect to old age, survivors, and disability insurance benefits. The bill would require a new member of STRS to be subject to specified limits of the Teachers’ Retirement Law.</html:p>
<html:p>PEPRA requires each retirement system that offers a defined benefit plan for safety members of the system to use one of 3 formulas for safety members, 2% at age 57, 2.5% at age 57, or 2.7% at age 57.</html:p>
<html:p>This bill would establish new retirement formulas, for employees first hired on or after January 1,
2027, as 2.5% at age 55, 2.7% at age 55, or 3% at age 55. For new members hired on or after January 1, 2013, who are safety members, the bill would require employers to adjust the formulas for service performed on or after January 1, 2027, to offer one of the 3 formulas for safety members that is closest to the formula the employer provided pursuant to existing law. The bill would authorize a public employer and a recognized employee organization to negotiate a prospective increase to the retirement benefit formulas for safety members and new safety members, consistent
with the formulas permitted under PEPRA, including the new formulas described above.</html:p>
<html:p>This bill would authorize an employer and its employees to agree in a memorandum of understanding to be subject to a higher safety plan or a lower safety plan, subject to certain requirements, including that the memorandum of understanding is collectively bargained in accordance with applicable laws.</html:p>
<html:p> By increasing the contribution to continuously appropriated funds, and by increasing expenditures from those funds, this bill would make an appropriation. </html:p>
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<ns0:DigestKey>
<ns0:VoteRequired>MAJORITY</ns0:VoteRequired>
<ns0:Appropriation>YES</ns0:Appropriation>
<ns0:FiscalCommittee>YES</ns0:FiscalCommittee>
<ns0:LocalProgram>NO</ns0:LocalProgram>
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<ns0:ImmediateEffect>NO</ns0:ImmediateEffect>
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<ns0:Urgency>NO</ns0:Urgency>
<ns0:TaxLevy>NO</ns0:TaxLevy>
<ns0:Election>NO</ns0:Election>
<ns0:UsualCurrentExpenses>NO</ns0:UsualCurrentExpenses>
<ns0:BudgetBill>NO</ns0:BudgetBill>
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<ns0:Preamble>The people of the State of California do enact as follows:</ns0:Preamble>
<ns0:BillSection id="id_96FB9535-7427-447A-A517-89740EF9D4B3">
<ns0:Num>SECTION 1.</ns0:Num>
<ns0:Content>
<html:p>The Legislature finds and declares the following:</html:p>
<html:p>
(a)
<html:span class="EnSpace"/>
California is experiencing significant challenges in the recruitment and retention of safety personnel, including firefighters, police officers, and other first responders. Competitive retirement benefits are critical to ensuring an adequate and well-trained public safety workforce.
</html:p>
<html:p>
(b)
<html:span class="EnSpace"/>
Firefighters face heightened risks of occupational diseases, including elevated cancer rates. Studies have shown that firefighters have a significantly higher risk of developing multiple types of cancer due to prolonged exposure to carcinogens and hazardous materials in the line of duty. In 2022, the International Agency for Research on
Cancer identified the occupation of firefighting as a Class 1 carcinogen.
</html:p>
<html:p>
(c)
<html:span class="EnSpace"/>
The physical demands of safety positions are extraordinary, requiring peak physical performance, endurance, and exposure to high-stress, life-threatening situations on a daily basis. These factors contribute to increased rates of disability, injury, and early retirement compared to other professions.
</html:p>
<html:p>
(d)
<html:span class="EnSpace"/>
Adjusting the retirement age and pension formulas for safety employees is necessary to maintain a sustainable and effective workforce while addressing the unique health and occupational challenges faced by these personnel.
</html:p>
<html:p>
(e)
<html:span class="EnSpace"/>
California has a strong history of protecting and promoting collective bargaining rights and providing opportunities for employees and employers to bargain over certain retirement benefits that further enhances
opportunities for public employers and employees to partner on stronger retirement security.
</html:p>
<html:p>
(f)
<html:span class="EnSpace"/>
The compensation cap established under the
California Public Employees’ Pension Reform Act of 2013 places limits that are significantly less than the current federal limit. To reflect current wage rates across both safety and miscellaneous employees, it is necessary to reconsider the appropriate compensation cap level, consistent with federal limits.
</html:p>
</ns0:Content>
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<ns0:Num>SEC. 2.</ns0:Num>
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Section 7522.10 of the
<ns0:DocName>Government Code</ns0:DocName>
is amended to read:
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<ns0:Num>7522.10.</ns0:Num>
<ns0:LawSectionVersion id="id_2FC72DC1-34B7-4743-AD11-C621392A1933">
<ns0:Content>
<html:p>
(a)
<html:span class="EnSpace"/>
On and after January 1, 2013, each public retirement system shall modify its plan or plans to comply with the requirements of this section for each public employer that participates in the system.
</html:p>
<html:p>
(b)
<html:span class="EnSpace"/>
Whenever pensionable compensation, as defined in Section 7522.34, is used in the calculation of a benefit, the pensionable compensation shall be subject to the limitations set forth in subdivision (c).
</html:p>
<html:p>
(c)
<html:span class="EnSpace"/>
(1)
<html:span class="EnSpace"/>
The pensionable compensation used to calculate the defined benefit paid to a new member who retires from the system shall not exceed the following applicable percentage of the contribution and benefit base specified in Section 430(b) of Title 42 of the United States Code
on January 1, 2013:
</html:p>
<html:p>
(A)
<html:span class="EnSpace"/>
One hundred percent for a member whose service is included in the federal system.
</html:p>
<html:p>
(B)
<html:span class="EnSpace"/>
One hundred twenty percent for a member whose service is not included in the federal system.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
On and after January 1, 2027, a retirement system subject to this article shall adjust pensionable compensation limits established by this subdivision to be consistent with the
following applicable percentage of the contribution and benefit base specified in Section 430(b) of Title 42 of the United States Code on January 1, 2027:
</html:p>
<html:p>
(A)
<html:span class="EnSpace"/>
One hundred percent for a member whose service is included in the federal system.
</html:p>
<html:p>
(B)
<html:span class="EnSpace"/>
One hundred thirty-five percent for a member whose service is not included in the federal system.
</html:p>
<html:p>
(3)
<html:span class="EnSpace"/>
A new member of the State Teachers’ Retirement System shall be subject to the limit established pursuant to subdivision (d) of Section 22119.3 of, or subdivision (c) of Section 26139.5 of, the Education Code.
</html:p>
<html:p>
(d)
<html:span class="EnSpace"/>
(1)
<html:span class="EnSpace"/>
The
retirement system shall adjust the pensionable compensation described in subdivision (c) based on the annual changes to the Consumer Price Index for All Urban Consumers: U.S. City Average, calculated by dividing the Consumer Price Index for All Urban Consumers: U.S. City Average, for the month of September in the calendar year preceding the adjustment by the Consumer Price Index for All Urban Consumers: U.S. City Average, for the month of September of the previous year rounded to the nearest thousandth. The adjustment shall be effective annually on January 1, beginning in 2014.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
The Legislature reserves the right to modify the requirements of this subdivision with regard to all public employees subject to this section, except that the Legislature may not modify these provisions in a manner that would result in a decrease in benefits accrued prior to the effective date of the modification.
</html:p>
<html:p>
(e)
<html:span class="EnSpace"/>
A public employer shall not offer a defined benefit or any combination of defined benefits, including a defined benefit offered by a private provider, on compensation in excess of the limitation in subdivision (c).
</html:p>
<html:p>
(f)
<html:span class="EnSpace"/>
(1)
<html:span class="EnSpace"/>
Subject to the limitation in subdivision (c) of Section 7522.42, a public employer may provide a contribution to a defined contribution plan for compensation in excess of the limitation in subdivision (c) provided the plan and the contribution meet the requirements and limits of federal law.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
A public employee who receives an employer contribution to a defined contribution plan shall not have a vested right to continue receiving the employer contribution.
</html:p>
<html:p>
(g)
<html:span class="EnSpace"/>
Any employer contributions to any employee defined contribution plan above the pensionable
compensation limits in subdivision (c) shall not exceed the employer’s contribution rate, as a percentage of pay, required to fund the defined benefit plan for income subject to the limitation in subdivision (c) of Section 7522.42.
</html:p>
<html:p>
(h)
<html:span class="EnSpace"/>
The retirement system shall limit the pensionable compensation used to calculate the contributions required of an employer or a new member to the amount of compensation that would be used for calculating a defined benefit as set forth in subdivision (c) or (d).
</html:p>
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<ns0:BillSection id="id_5D5EADFD-1EAA-4C9E-979B-09DB7300EA19">
<ns0:Num>SEC. 3.</ns0:Num>
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Section 7522.19 is added to the
<ns0:DocName>Government Code</ns0:DocName>
, to read:
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<ns0:LawSection id="id_79A01709-6F99-49ED-BDA1-315FCBB00993">
<ns0:Num>7522.19.</ns0:Num>
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<ns0:Content>
<html:p>
(a)
<html:span class="EnSpace"/>
Notwithstanding any other law, a public employer and a recognized employee organization may negotiate a prospective increase to the retirement benefit formulas for safety members and new safety members, consistent with the formulas permitted under this article, including Section 7522.26.
</html:p>
<html:p>
(b)
<html:span class="EnSpace"/>
Benefit formula increases adopted
pursuant to this section shall be established in accordance with Section 7522.44.
</html:p>
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<ns0:BillSection id="id_39182636-8E60-49BC-BE6D-DE0B37198861">
<ns0:Num>SEC. 4.</ns0:Num>
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Section 7522.25 of the
<ns0:DocName>Government Code</ns0:DocName>
is amended to read:
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<ns0:Num>7522.25.</ns0:Num>
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<ns0:Content>
<html:p>
(a)
<html:span class="EnSpace"/>
Each retirement system that offers a defined benefit plan for safety members of the system shall use one or more of the defined benefit formulas prescribed by this section. A member may retire for service under any of the formulas in this section after five years of service and upon reaching 50 years of age.
</html:p>
<html:p>
(b)
<html:span class="EnSpace"/>
The Basic Safety 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 safety member.
</html:p>
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<html:col width="306.0"/>
<html:col width="106.0"/>
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<html:tbody>
<html:tr>
<html:td valign="bottom" width="664">
<html:p class="FlushLeftRight" style="font-size:9pt; text-align:left; text-indent:0pt;">Age at Retirement</html:p>
</html:td>
<html:th valign="bottom" width="261">
<html:p class="Left10Point" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:th>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.426
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
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<ns0:Denominator>4</ns0:Denominator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
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1.447
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.467
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
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<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.488
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
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51
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
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1.508
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</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
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1.529
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</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
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<html:span class="DottedLeaders"/>
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</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.549
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.570
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.590
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
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1.611
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.631
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.652
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.672
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.693
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.713
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.734
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.754
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.775
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.795
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
1.816
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
55
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.836
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
55
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.857
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
55
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.877
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
55
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.898
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
56
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.918
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
56
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.939
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
56
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.959
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
56
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
1.980
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="664">
<html:p class="HangingIndent1">
57 and over
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="261">
<html:p class="Left10Point">
<html:span class="EnSpace"/>
2.000
</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(c)
<html:span class="EnSpace"/>
The Safety Option Plan One 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 safety member.
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<html:colgroup>
<html:col width="292.0"/>
<html:col width="106.0"/>
</html:colgroup>
<html:tbody>
<html:tr>
<html:td valign="bottom" width="729">
<html:p class="HeaderLeft" style="font-size:9pt; text-align:left; text-indent:0pt;">
<html:span class="EmSpace"/>
Age at Retirement
</html:p>
</html:td>
<html:td valign="bottom" width="196">
<html:p class="Left10Point" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.000
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.018
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.036
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.054
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.071
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.089
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.107
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.125
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.143
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.161
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.179
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.196
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.214
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.232
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.250
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.268
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.286
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.304
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.321
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
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<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.339
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
55
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.357
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
55
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.375
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
55
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.393
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
55
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.411
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
56
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.429
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
56
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.446
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
56
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.464
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
56
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.482
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="729">
<html:p class="HangingIndent1" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
57 and over
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="196">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.500
</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(d)
<html:span class="EnSpace"/>
The Safety Option Plan Two 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 safety member.
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<html:table class="convertedTable" id="id_AED194C8-2E52-4D99-9610-825832EAC9BA">
<html:colgroup>
<html:col width="306.0"/>
<html:col width="106.0"/>
</html:colgroup>
<html:tbody>
<html:tr>
<html:td valign="bottom">
<html:p class="FlushLeftRight" style="font-size:9pt; text-align:left; text-indent:0pt;">Age at Retirement</html:p>
</html:td>
<html:th valign="bottom">
<html:p class="Left10Point" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:th>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.000
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.025
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.050
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
50
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.075
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.100
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.125
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.150
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
51
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.175
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.200
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.225
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.250
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
52
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.275
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.300
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.325
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.350
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
53
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.375
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.400
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.425
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.450
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
54
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.475
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
55
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point">
<html:span class="EnSpace"/>
2.500
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
55
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.525
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
55
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.550
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td height="13">
<html:p class="Left10Point">
55
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td height="13">
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.575
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
56
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.600
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
56
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.625
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
56
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.650
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
56
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.675
</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td>
<html:p class="Left10Point">
57 and over
<html:span class="EnSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td>
<html:p class="Left10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">
<html:span class="EnSpace"/>
2.700
</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(e)
<html:span class="EnSpace"/>
<html:span class="EnSpace"/>
On and after January 1, 2013, an employer shall offer one or more of the safety formulas prescribed by this section to new members who are safety employees. The formula offered shall be the formula that is closest to, and provides a lower benefit at 55 years of age than, the formula provided to members in the same retirement classification offered by the employer on December 31, 2012.
</html:p>
<html:p>
(f)
<html:span class="EnSpace"/>
On and after January 1, 2013, an employer and its employees subject to Safety Option Plan One or Safety
Option Plan Two may agree in a memorandum of understanding to be subject to Safety Option Plan One or the Basic Safety Plan, subject to the following:
</html:p>
<html:p>
(1)
<html:span class="EnSpace"/>
The lower plan shall apply to members first employed on or after the effective date of the lower plan, and shall be agreed to in a memorandum of understanding that has been collectively bargained in accordance with applicable laws.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
A retirement plan contract amendment with a public retirement system to alter a retirement formula pursuant to this subdivision shall not be implemented by the employer in the absence of a memorandum of understanding that has been collectively bargained in accordance with applicable laws.
</html:p>
<html:p>
(3)
<html:span class="EnSpace"/>
An employer shall not use impasse procedures to impose the lower plan.
</html:p>
<html:p>
(4)
<html:span class="EnSpace"/>
An
employer shall not provide a different defined benefit for nonrepresented, managerial, or supervisory employees than the employer provides for other public employees, including represented employees, of the same employer who are in the same membership classifications.
</html:p>
<html:p>
(g)
<html:span class="EnSpace"/>
Pensionable compensation used to calculate the defined benefit shall be limited as described in Section 7522.10.
</html:p>
<html:p>
(h)
<html:span class="EnSpace"/>
This section shall only apply to service performed between January 1, 2013, and December 31, 2026.
</html:p>
</ns0:Content>
</ns0:LawSectionVersion>
</ns0:LawSection>
</ns0:Fragment>
</ns0:BillSection>
<ns0:BillSection id="id_A73D9566-350C-46EB-A314-5F0CDF6DDC8D">
<ns0:Num>SEC. 5.</ns0:Num>
<ns0:ActionLine action="IS_ADDED" ns3:href="urn:caml:codes:GOV:caml#xpointer(%2Fcaml%3ALawDoc%2Fcaml%3ACode%2F%2Fcaml%3ALawSection%5Bcaml%3ANum%3D'7522.26'%5D)" ns3:label="fractionType: LAW_SECTION" ns3:type="locator">
Section 7522.26 is added to the
<ns0:DocName>Government Code</ns0:DocName>
, to read:
</ns0:ActionLine>
<ns0:Fragment>
<ns0:LawSection id="id_B5A8E6BD-9BAE-452A-A780-396E5A586D6F">
<ns0:Num>7522.26.</ns0:Num>
<ns0:LawSectionVersion id="id_5A949040-823A-49E4-A100-48297A264FB0">
<ns0:Content>
<html:p>
(a)
<html:span class="EnSpace"/>
On and after January 1, 2027, each retirement system that offers a defined benefit plan for safety members of the system shall use one or more of the defined benefit formulas prescribed by this section. A member may retire for service under any of the formulas in this section after five years of service and upon reaching 50 years of age.
</html:p>
<html:p>
(b)
<html:span class="EnSpace"/>
The Basic Safety 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 safety member.
</html:p>
<html:table class="convertedTable" id="id_543615F4-85A5-4075-B440-F8D29681F81A">
<html:colgroup>
<html:col width="292.0"/>
<html:col width="106.0"/>
</html:colgroup>
<html:thead>
<html:tr>
<html:th colspan="2" valign="bottom" width="1343"/>
</html:tr>
<html:tr>
<html:th valign="bottom" width="1061">
<html:p class="HeaderLeft" style="font-size:9pt; text-align:left; text-indent:0pt;">Age
at Retirement</html:p>
</html:th>
<html:th valign="bottom" width="280">
<html:p class="HeaderCentered" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:th>
</html:tr>
</html:thead>
<html:tbody>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.426</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.450</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.474</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.498</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.522</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.550</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.576</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.602</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.628</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.656</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.686</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.714</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.742</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.772</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.804</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.834</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.866</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.900</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.932</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">1.966</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1061">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
55 and over
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="280">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.000</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(c)
<html:span class="EnSpace"/>
The Safety Option Plan One 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 safety member.
</html:p>
<html:table class="convertedTable" id="id_4293A0CD-1988-4182-9B78-201B0410694D">
<html:colgroup>
<html:col width="292.0"/>
<html:col width="106.0"/>
</html:colgroup>
<html:thead>
<html:tr>
<html:th colspan="2" valign="bottom" width="1343"/>
</html:tr>
<html:tr>
<html:th valign="bottom" width="1064">
<html:p class="HeaderLeft" style="font-size:9pt; text-align:left; text-indent:0pt;">Age at Retirement</html:p>
</html:th>
<html:th valign="bottom" width="277">
<html:p class="HeaderCentered" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:th>
</html:tr>
</html:thead>
<html:tbody>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.000</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.025</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.050</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.075</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.100</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.125</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.150</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.175</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.200</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.225</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.250</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.275</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.300</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.325</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.350</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.375</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.400</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.425</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.450</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.475</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1064">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
55 and over
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="277">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.500</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(d)
<html:span class="EnSpace"/>
The Safety Option Plan Two 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 safety member.
</html:p>
<html:table class="convertedTable" id="id_33BF9037-D3D2-4CE6-9CD7-613635189A95">
<html:colgroup>
<html:col width="292.0"/>
<html:col width="106.0"/>
</html:colgroup>
<html:thead>
<html:tr>
<html:th colspan="2" valign="bottom" width="1343"/>
</html:tr>
<html:tr>
<html:th valign="bottom" width="1067">
<html:p class="HeaderLeft" style="font-size:9pt; text-align:left; text-indent:0pt;">Age at Retirement</html:p>
</html:th>
<html:th valign="bottom" width="274">
<html:p class="HeaderCentered" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:th>
</html:tr>
</html:thead>
<html:tbody>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.000</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.035</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.070</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.105</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.140</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.175</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.210</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.245</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.280</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.315</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.350</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.385</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.420</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.455</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.490</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.525</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.560</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.595</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.630</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.665</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1067">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
55 and over
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="274">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.700</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(e)
<html:span class="EnSpace"/>
The Safety Option Plan Three 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 safety member. For service subject to this subdivision, the benefit limit shall be 90 percent of final compensation.
</html:p>
<html:table class="convertedTable" id="id_DEF6E8C2-1D20-47E6-AECA-29827EB2A8F4">
<html:colgroup>
<html:col width="292.0"/>
<html:col width="106.0"/>
</html:colgroup>
<html:thead>
<html:tr>
<html:th colspan="2" valign="bottom" width="1345"/>
</html:tr>
<html:tr>
<html:th valign="bottom" width="1080">
<html:p class="HeaderLeft" style="font-size:9pt; text-align:left; text-indent:0pt;">Age at Retirement</html:p>
</html:th>
<html:th valign="bottom" width="263">
<html:p class="HeaderCentered" style="font-size:9pt; text-align:center; text-indent:0pt;">Fraction</html:p>
</html:th>
</html:tr>
</html:thead>
<html:tbody>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.400</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.430</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.460</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
50
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.490</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.520</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.550</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.580</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
51
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.610</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.640</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.670</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.700</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
52
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.730</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.760</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.790</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.820</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
53
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.850</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="EnSpace"/>
<html:span class="ThinSpace"/>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.880</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.910</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>1</ns0:Numerator>
<ns0:Denominator>2</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.940</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
54
<html:span class="ThinSpace"/>
<ns0:Fraction>
<ns0:Numerator>3</ns0:Numerator>
<ns0:Denominator>4</ns0:Denominator>
</ns0:Fraction>
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">2.970</html:p>
</html:td>
</html:tr>
<html:tr>
<html:td width="1080">
<html:p class="Left10Point" style="font-size:10pt; text-align:left; ; text-indent:0pt;">
<html:span class="EmSpace"/>
<html:span class="EmSpace"/>
55 and over
<html:span class="DottedLeaders"/>
</html:p>
</html:td>
<html:td width="263">
<html:p class="Center10Point" style="font-size:10pt; text-align:center; text-indent:0pt;">3.000</html:p>
</html:td>
</html:tr>
</html:tbody>
</html:table>
<html:p>
(f)
<html:span class="EnSpace"/>
For new members hired on or after January 1,
2027, who are safety members, an employer shall offer one or more of the safety formulas prescribed by this section to new members who are safety employees. The formula offered shall maintain the percentage of compensation factor offered as of December 31,
2026.
</html:p>
<html:p>
(g)
<html:span class="EnSpace"/>
For new members hired on or after January 1, 2013, who are safety members, the employer shall adjust their formula as follows:
</html:p>
<html:p>
(1)
<html:span class="EnSpace"/>
For service performed between January 1, 2013, and December 31, 2026, the retirement age and formula shall be as offered by the employer between January 1, 2013, and December 31, 2026, and subject to Section 7522.25.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
For service performed on or
after January 1,
2027, the employer shall offer the formula in this section that is closest to the formula the employer provided pursuant to Section 7522.25. The formula offered shall maintain the percentage of compensation factor offered as of December 31, 2026.
</html:p>
<html:p>
(3)
<html:span class="EnSpace"/>
This section shall not be construed to provide retroactive benefits to employees. This section shall adjust the prospective benefit for safety employees by adjusting the retirement age to 55.
</html:p>
<html:p>
(h)
<html:span class="EnSpace"/>
An employer and its employees may agree in a memorandum of understanding to be subject to a higher safety plan, subject to the following:
</html:p>
<html:p>
(1)
<html:span class="EnSpace"/>
The higher plan shall apply to members or after the effective date of the higher plan, and
shall be agreed to in a memorandum of understanding that has been collectively bargained in accordance with applicable laws.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
The higher plan adopted pursuant to this subdivision shall be subject to Section 7522.44.
</html:p>
<html:p>
(i)
<html:span class="EnSpace"/>
An employer and its employees may agree in a memorandum of understanding to be subject to a lower safety plan, subject to the following:
</html:p>
<html:p>
(1)
<html:span class="EnSpace"/>
The lower plan shall apply to members first employed on or after the effective date of the lower plan, and shall be agreed to in a memorandum of understanding that has been collectively bargained in accordance with applicable laws.
</html:p>
<html:p>
(2)
<html:span class="EnSpace"/>
A retirement plan contract amendment with a public retirement system to alter a retirement formula pursuant to this subdivision shall not be implemented by the
employer in the absence of a memorandum of understanding that has been collectively bargained in accordance with applicable laws.
</html:p>
<html:p>
(3)
<html:span class="EnSpace"/>
An employer shall not use impasse procedures to impose the lower plan.
</html:p>
<html:p>
(4)
<html:span class="EnSpace"/>
An employer shall not provide a different defined benefit for nonrepresented, managerial, or supervisory employees than the employer provides for other public employees, including represented employees, of the same employer who are in the same membership classifications.
</html:p>
<html:p>
(j)
<html:span class="EnSpace"/>
Pensionable compensation used to calculate the defined benefit shall be limited as described in Section 7522.10.
</html:p>
<html:p>
(k)
<html:span class="EnSpace"/>
A safety member that is subject to a defined benefit formula prescribed by this section, who is not a new member, shall be subject to contribution rates
established pursuant to Section 7522.30.
</html:p>
</ns0:Content>
</ns0:LawSectionVersion>
</ns0:LawSection>
</ns0:Fragment>
</ns0:BillSection>
<ns0:BillSection id="id_6C911167-9A83-4A39-B580-6340B73EFF52">
<ns0:Num>SEC. 6.</ns0:Num>
<ns0:Content>
<html:p>It is the intent of the Legislature that this act shall not be construed to affect any retirement benefits or pension rights accrued before its effective date.</html:p>
</ns0:Content>
</ns0:BillSection>
<ns0:Correction>
CORRECTIONS:</ns0:Correction>
<ns0:Correction>
Heading—Lines 4 and 7.</ns0:Correction>
<ns0:Correction>
Text—Pages 10, 11, 12, and 13.</ns0:Correction>
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</ns0:MeasureDoc>