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DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 8. VALIDATING PROCEEDINGS 17700›CHAPTER 10. Annuity Contracts 19999.7›ARTICLE 2. Powers and Duties of the Board 20120-20140

§ 20132

California Government Code · 2026-09 edition · updated 2026-09-27 · California

(a) Upon the basis of any investigation, valuation, or determination, or all of these, the board shall adopt mortality, service and other tables and annual and actuarial interest rates it deems necessary.

(b) A change in interest rate adopted by the board shall not apply to any election of a member to deposit or redeposit contributions, including interest, filed prior to the date the change was placed into effect.

(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)

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California Government Code

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