(a) The combined current and prior service pensions for state peace officer/firefighter members subject to this section with respect to state peace officer/firefighter service and the combined current and prior service pensions for local safety members with respect to local safety service rendered to a contracting agency that is subject to this section is a pension derived from the contributions of the employer sufficient when added to the service retirement annuity that is derived from the accumulated normal contributions of the state peace officer/firefighter or local safety member at the date of his or her retirement to equal the fraction of one-fiftieth of his or her final compensation set forth opposite his or her age at retirement taken to the preceding completed quarter year, in the following table, multiplied by the number of years of state peace officer/firefighter service or local safety service subject to this section with which he or she is credited at retirement:
Age at Retirement
Fraction
50 ..........................
1.0000
50 1/4.......................
1.0125
50 1/2.......................
1.0250
50 3/4.......................
1.0375
51 ..........................
1.0500
51 1/4.......................
1.0625
51 1/2.......................
1.0750
51 3/4.......................
1.0875
52 ..........................
1.1000
52 1/4.......................
1.1125
52 1/2.......................
1.1250
52 3/4.......................
1.1375
53 ..........................
1.1500
53 1/4.......................
1.1625
53 1/2.......................
1.1750
53 3/4.......................
1.1875
54 ..........................
1.2000
54 1/4.......................
1.2125
54 1/2.......................
1.2250
54 3/4.......................
1.2375
55 and over..................
1.2500