“Credited interest” means interest that is credited to active members’ and inactive members’ accumulated retirement contributions and accumulated annuity deposit contributions at a rate set annually by the board as a plan amendment with respect to the Defined Benefit Program.
Cal. Educ. Code § 22120
Definitions
Known as the E. Richard Barnes Act
The act spans §§ 22000–25115 (716 sections).
Amended by Stats. 2016, Ch. 218, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.