Ed. Code, § 22216 · Chapter 3. Retirement Board
Ed. Code, § 22216
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(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.
Notes and commentary — not statutory text
History
Amended by Stats. 1998, Ch. 965, Sec. 22. Effective January 1, 1999.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=22216.
- Text hash
- sha256 0d84e7de2d904261abed985c0980d021f140263a11642904eab66399a7416647
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Ed. Code, § 22216. Each shows the citation as that text prints it.
Education Code
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