California § 20812. 20812. (Amended by Stats. 2011, Ch. 440, Sec. 3.)

California Statutes

§ 20812. — 20812. (Amended by Stats. 2011, Ch. 440, Sec. 3.)

California § 20812.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.5.

Title 2.DIVISION 5. PERSONNEL

Part 3.PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM

Ch. 9.CHAPTER 9. Employer Contributions

This text of California § 20812. (20812. (Amended by Stats. 2011, Ch. 440, Sec. 3.)) 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 § 20812. (2026).

Text

Notwithstanding any other provision of this part, the board may adopt a funding period of 30 years to amortize unfunded accrued actuarial obligations for current and prior service for the purpose of determining employer contribution rates for contracting agencies and school employers. The board shall approve new amortization periods based upon requests from contracting agencies or school employers that can demonstrate a financial necessity. The board may deny a request when the request would subject the fund to an unsound financial risk. This section shall not affect the current procedure for setting the school employer rate. The board shall continue to treat the school category as a total experience pool with no requirement to establish separate rates for a school
				  district subject t

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Notwithstanding any other provision of this part, the board may adopt a funding period of 30 years to amortize unfunded accrued actuarial obligations for current and prior service for the purpose of determining employer contribution rates for contracting agencies and school employers. The board shall approve new amortization periods based upon requests from contracting agencies or school employers that can demonstrate a financial necessity. The board may deny a request when the request would subject the fund to an unsound financial risk. This section shall not affect the current procedure for setting the school employer rate. The board shall continue to treat the school category as a total experience pool with no requirement to establish separate rates for a school
district subject to this section.

Legislative History

Amended by Stats. 2011, Ch. 440, Sec. 3. (AB 1028) Effective January 1, 2012.

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