California § 26302. 26302. (Amended by Stats. 2011, Ch. 703, Sec. 33.)

California Statutes

§ 26302. — 26302. (Amended by Stats. 2011, Ch. 703, Sec. 33.)

California § 26302.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.1.

Title 1.DIVISION 1. GENERAL EDUCATION CODE PROVISIONS

Part 14.PART 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM

Ch. 4.CHAPTER 4. Employer and Participant Responsibilities

This text of California § 26302. (26302. (Amended by Stats. 2011, Ch. 703, Sec. 33.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Education Code - EDC Code § 26302. (2026).

Text

(a)If more or less than the contributions required by this part are paid to the plan based on salary paid to a participant, proper adjustment shall be made by the employer within 60 days of discovery or of notification by the system, and any contributions deducted in error from the participant’s salary shall be returned to the participant by the employer within the same time period.

(b)The board shall, in accordance with regulations, assess penalties for late or improper adjustments pursuant to Section 26301. These penalties shall be assessed at a rate equal to the penalties imposed under subdivision (b) of Section 26301 and shall be deemed to be interest earned in the year in which the penalty is received.

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(a)
If more or less than the contributions required by this part are paid to the plan based on salary paid to a participant, proper adjustment shall be made by the employer within 60 days of discovery or of notification by the system, and any contributions deducted in error from the participant’s salary shall be returned to the participant by the employer within the same time period.
(b)
The board shall, in accordance with regulations, assess penalties for late or improper adjustments pursuant to Section 26301. These penalties shall be assessed at a rate equal to the penalties imposed under subdivision (b) of Section 26301 and shall be deemed to be interest earned in the year in which the penalty is
received.

Legislative History

Amended by Stats. 2011, Ch. 703, Sec. 33. (SB 349) Effective January 1, 2012.

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California § 26302., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/26302..