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.
Cal. Educ. Code § 22402
Establishment and Control of Funds
Known as the E. Richard Barnes Act
The act spans §§ 22000–25115 (716 sections).
Amended by Stats. 2000, Ch. 1025, Sec. 16
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.