§ 31621 Retirement Contribution Rates

• •This law is about how much money people pay into a retirement fund while they work.
• •When you retire at age 60, you get a monthly payment based on how long you worked and your final salary.
• •For every year you work, you get 1/120 of your final salary as your yearly retirement pay.
• •The exact amount depends on tables made by the board of supervisors.

If you work for 30 years and your final salary is $60,000 per year.

When you retire at 60, your yearly retirement pay will be 30/120 of $60,000, which is $15,000 per year.