(2) means the sum of all the ‘Accumulated contributions’ amounts deducted from the compensation of a member and credited to the s individual account in the employee member’ annuity savings fund, together with regular interest on the account, as provided in this chapter. (3) Active means a member who is compensated by member’ an employer participating in the system and who is making regular retirement contributions to the system. (4) means a benefit of equal value when ‘Actuarial equivalent’ computed on the basis of the tables and regular interest rate last adopted by the board authority, as provided in Section 91130. (5) additional means the sum of all ‘Aggregate contributions’ the contributions made by a member pursuant to Section 911210 in effect before July 1, 1974, and any amounts transferred from another fund which are treated as additional contributions pursuant to Section 911210 in effect before July 1, 1974, or Section 911210(6) as amended as of that date. (6) means the sum of all the amounts ‘Aggregate contributions’ deducted from the compensation of a member and credited to the individual account in the system, including any amounts member’s transferred from another fund to the system as provided in Section 911210(6). (7)(a) final after July 1, 1986, for ‘Average compensation’ Class One and Class Two members means the average annual compensation of a member during the twelve consecutive quarters of the creditable service on which regular contributions member’s as a member were made to the system producing the highest average; a quarter means a period January through March, April through June, July through September, or October through December. An amount up to and including fortyfive days’ termination pay for unused annual leave at retirement may be added to the average final compensation. Average final compensation for an elected official may be calculated as the average annual earnable compensation for the thirtysix consecutive months before the expiration of his term of office. (b) final for Class Three members ‘Average compensation’ means the average annual earnable compensation of a member during the twenty consecutive quarters of the creditable member’s service on which regular contributions as a member were made to the system producing the highest such average; a quarter means a period January through March, April through June, July through September, or October through December. Termination pay for
(2) ‘Accumulated contributions’ means the sum of all the amounts deducted from the compensation of a member and credited to the member’ s individual account in the employee annuity savings fund, together with regular interest on the account, as provided in this chapter. (3) Active member’ means a member who is compensated by an employer participating in the system and who is making regular retirement contributions to the system. (4) ‘Actuarial equivalent’ means a benefit of equal value when computed on the basis of the tables and regular interest rate last adopted by the board authority, as provided in Section 91130. (5) ‘Aggregate additional contributions’ means the sum of all the contributions made by a member pursuant to Section 911210 in effect before July 1, 1974, and any amounts transferred from another fund which are treated as additional contributions pursuant to Section 911210 in effect before July 1, 1974, or Section 911210(6) as amended as of that date. (6) ‘Aggregate contributions’ means the sum of all the amounts deducted from the compensation of a member and credited to the member’s individual account in the system, including any amounts transferred from another fund to the system as provided in Section 911210(6). (7)(a) ‘Average final compensation’ after July 1, 1986, for Class One and Class Two members means the average annual compensation of a member during the twelve consecutive quarters of the member’s creditable service on which regular contributions as a member were made to the system producing the highest average; a quarter means a period January through March, April through June, July through September, or October through December. An amount up to and including fortyfive days’ termination pay for unused annual leave at retirement may be added to the average final compensation. Average final compensation for an elected official may be calculated as the average annual earnable compensation for the thirtysix consecutive months before the expiration of his term of office. (b) ‘Average final compensation’ for Class Three members means the average annual earnable compensation of a member during the twenty consecutive quarters of the member’s creditable service on which regular contributions as a member were made to the system producing the highest such average; a quarter means a period January through March, April through June, July through September, or October through December. Termination pay for
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