California Statutes
§ 22216. — 22216. (Amended by Stats. 1998, Ch. 965, Sec. 22.)
California·Code EDC Education Code - EDC·Div. 1.·Title 1. DIVISION 1. GENERAL EDUCATION CODE PROVISIONS·Part 13. PART 13. STATE TEACHERS' RETIREMENT SYSTEM·Ch. 3. CHAPTER 3. Retirement Board
(a)The board shall annually adopt as a plan amendment with respect to the Defined Benefit Program the rate of credited interest to be credited to members’ accumulated retirement contributions for service performed after June 30, 1935, and the accumulated annuity deposit contributions excluding all accumulated contributions while being paid as disability allowances, family allowances, and retirement allowances.
(b)The board shall credit interest to all other accumulated reserves at the actuarially assumed interest rate.
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California § 22216. (22216. (Amended by Stats. 1998, Ch. 965, Sec. 22.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1998, Ch. 965, Sec. 22. Effective January 1, 1999.