DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 2. CIVIL SERVICE 31100-31117›CHAPTER 1. General 31200-31208›ARTICLE 5. Financial Provisions 31580-31607
§ 31592
California Government Code · 2026-09 edition · updated 2026-09-27 · 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.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code