California § 20035.4. 20035.4. (Amended by Stats. 2004, Ch. 183, Sec. 159.)

California Statutes

§ 20035.4. — 20035.4. (Amended by Stats. 2004, Ch. 183, Sec. 159.)

California § 20035.4.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.5.

Title 2.DIVISION 5. PERSONNEL

Part 3.PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM

Ch. 1.CHAPTER 1. General Provisions and Definitions

Art. 2.ARTICLE 2. Definitions

This text of California § 20035.4. (20035.4. (Amended by Stats. 2004, Ch. 183, Sec. 159.)) 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. Government Code - GOV Code § 20035.4. (2026).

Text

Notwithstanding Sections 20035 and 20037, “final compensation,” for the purpose of determining any pension or benefit with respect to a member who retires or dies on or after July 1, 2003, who was a member of State Bargaining Unit 16, and whose monthly salary range that was to be effective July 1, 2003, was reduced by 5 percent pursuant to a memorandum of understanding entered during the 2003–04 fiscal year, means the highest annual compensation the member would have earned as of July 1, 2003, if that 5-percent reduction had not occurred. This section shall
				apply only if the period during which the member’s salary was reduced would have otherwise been included in determining his or her final compensation. The increased costs, if any, that may result from the application of the definiti

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Notwithstanding Sections 20035 and 20037, “final compensation,” for the purpose of determining any pension or benefit with respect to a member who retires or dies on or after July 1, 2003, who was a member of State Bargaining Unit 16, and whose monthly salary range that was to be effective July 1, 2003, was reduced by 5 percent pursuant to a memorandum of understanding entered during the 2003–04 fiscal year, means the highest annual compensation the member would have earned as of July 1, 2003, if that 5-percent reduction had not occurred. This section shall
apply only if the period during which the member’s salary was reduced would have otherwise been included in determining his or her final compensation. The increased costs, if any, that may result from the application of the definition of “final compensation” provided in this section shall be paid by the employer in the same manner as other retirement benefits are funded.