Cal. Ed. Code § 22402

Current through the 2023 Legislative Session.
Section 22402 - Allocation of earned interest on plan assets

Earned interest on plan assets with respect to the Defined Benefit Program that is not credited to member accounts under the Defined Benefit Program and the plan's other income with respect to the Defined Benefit Program shall be allocated to provide benefits payable under the Defined Benefit Program.

Ca. Educ. Code § 22402

Amended by Stats 2000 ch 1025 (AB 816), s 16, eff. 1/1/2001.