TITLE 3. GOVERNMENT OF COUNTIES 23000-33205›DIVISION 4. EMPLOYEES 31000-33017›PART 3. RETIREMENT SYSTEMS 31200-33017›CHAPTER 3. County Employees Retirement Law of 1937 31450-31898›ARTICLE 5. Financial Provisions 31580-31607
§ 31592
California Government Code · 2018-11 edition · updated 2026-10-04 · California
Earnings of the retirement fund during any year in excess of the total interest credited to contributions and reserves during such year shall remain in the fund as a reserve against deficiencies in interest earnings in other years, losses on investments and other contingencies, except as provided in Sections 31529.5 and 31592.2.
(Amended by Stats. 1977, Ch. 202.)
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