(a) The service retirement allowance for a state miscellaneous or state industrial member who has elected the benefits of this section is a pension equal to the fraction of one-hundredth of the member’s final compensation set forth opposite the member’s age at retirement, taken to the preceding completed quarter year in the following table, multiplied by the member’s number of years of state miscellaneous service:
Age at
Retirement
Fraction
50
0.5000
5014
0.5125
5012
0.5250
5034
0.5375
51
0.5500
5114
0.5625
5112
0.5750
5134
0.5875
52
0.6000
5214
0.6125
5212
0.6250
5234
0.6375
53
0.6500
5314
0.6625
5312
0.6750
5334
0.6875
54
0.7000
5414
0.7125
5412
0.7250
5434
0.7375
55
0.7500
5514
0.7625
5512
0.7750
5534
0.7875
56
0.8000
5614
0.8125
5612
0.8250
5634
0.8375
57
0.8500
5714
0.8625
5712
0.8750
5734
0.8875
58
0.9000
5814
0.9125
5812
0.9250
5834
0.9375
59
0.9500
5914
0.9625
5912
0.9750
5934
0.9875
60
1.0000
6014
1.0125
6012
1.0250
6034
1.0375
61
1.0500
6114
1.0625
6112
1.0750
6134
1.0875
62
1.1000
6214
1.1125
6212
1.1250
6234
1.1375
63
1.1500
6314
1.1625
6312
1.1750
6334
1.1875
64
1.2000
6414
1.2125
6412
1.2250
6434
1.2375
65
1.2500
(b) This section shall not apply to a National Guard member.
(c) This section shall not apply to anyone who first becomes a member on or after January 1, 2013.