California Statutes
§ 21581. — 21581. (Amended by Stats. 1999, Ch. 801, Sec. 4.1.)
California·Code GOV Government Code - GOV·Div. 5.·Title 2. DIVISION 5. PERSONNEL·Part 3. PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM·Ch. 14. CHAPTER 14. Death Benefits·Art. 3. ARTICLE 3. Preretirement 1959 Survivor Allowance
(a)The rate of contribution of a member subject to this article shall include, in addition to his or her normal rate, two dollars ($2) per month or fraction thereof, or ninety-three cents ($0.93) for each biweekly payroll period or fraction thereof, where salaries are paid on that basis. Those contributions shall not become a part of a member’s accumulated contributions or be treated or administered as normal contributions and shall not be refundable to a member under any circumstances. Those contributions shall be available only for payment of 1959 survivor allowances.
(b)Notwithstanding subdivision (a), the total required monthly premium for Section 21574.5, as determined by the board, shall be offset by the uniform amortization of surplus assets within this account. If the total mon
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California § 21581. (21581. (Amended by Stats. 1999, Ch. 801, Sec. 4.1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1999, Ch. 801, Sec. 4.1. Effective January 1, 2000.