Definitions
Known as the E. Richard Barnes Act
The act spans §§ 22000–25115 (716 sections).
Repealed (in Sec. 1) and added by Stats. 2009, Ch. 249, Sec. 2
“Regular interest” means interest that is equal to the actuarially assumed rate of return on investments on assets of the Defined Benefit Program. The regular interest rate shall be adopted annually by the board as a plan amendment with respect to the Defined Benefit Program.
This section shall become operative on July 1, 2010.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.