GroundRules
EDC § 22216
Where this section sits in the code
- Education Code - EDC
- TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]
- DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]
- PART 13. STATE TEACHERS' RETIREMENT SYSTEM [22000. - 25115.]
- CHAPTER 3. Retirement Board [22200. - 22228.]
(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.
Collected 2026-09-14T05:56:33Z. Source file · JSON