Whenever a member’s contribution rate is temporarily reduced by statute, a memorandum of understanding, or the Director of Human Resources, those reductions shall be limited to the payment of member contributions during the reduction period and do not apply to the purchase of service credit or the redeposit of member contributions. The purchase of service credit and the redeposit of member contributions shall be subject to the normal rate of contribution for the member in effect immediately prior to the temporary rate reduction.
Cal. Gov. Code § 20672.5
Normal Contributions
Known as the Public Employees’ Retirement Law
The act spans §§ 20000 to 21716 (1,037 sections).
Amended by Stats. 2012, Ch. 665, Sec. 122
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.