b'1947 1958 Members hired after January 17,TheCaliforniaSupremeCourt 1947 could retire after 20 years ofruled that the 1925 Charter provi-service with a pension equal tosions for fixed pensions did not 40% of the average salary of theapplytomembersemployed last three years of service, plus anprior to July 1, 1925, nor to surviving additional 2% for each of the nextspousesofmembersemployed fiveyearsofservice,and1-1/3%prior to January 17, 1927.for each of the next 10 years of service. A maximum pension of two-thirds of the average salary was retained, with a cap based on the salary level of a Fire Battalion 1927Chief or Police Captain. Member contributionswereincreased Members entering service afterfrom 4% to 6% of salary. January 17, 1927 would receive aEffective June 16, 1947, a Charter pension after 25 years of serviceamendmentcreatedaNonser-equalto50%oftheaveragevice-Connected Disability Pension salaryduringthethreeyearsof 40 percent of the highest salary precedingretirement,plusattached to the rank of firefighter 1-2/3%foreachofthenext10or police officer; an equal amount years of service. A monthly limitwastobepaidtoanysurviving of$1,800forServicePensionsspouse,withadditionalpercent- 1959 was established. Member contri- ages allowed for unmarried minor butions to the System were set atchildren under the age of 18. Effective May 6, 1959, the System 4% of salary. Pensions for widowswas again funded on an actuar-were made fixed amounts. ialbasiswitha50-yearamorti-zationperiodfortheunfunded liabilities.Investmentprovisionswere changedtopermitinvestment ofupto35%offundassetsin common stocks.1961 A one-time cost of living increase 1933was provided for all member and Theactuarialfundingrequire- surviving spouse pensions based ments were eliminated and theonservice-connecteddisability 1957 or death.System was placed on a pay-as-you-gobasiseffectiveMay15,The maximum limit attached to 1933. rankforServicePensionswas removed effective April 18, 1957.SECTION 9 Milestones 167'