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Cal. Gov. Code § 20775

Contribution Procedure

Known as the Public Employees’ Retirement Law

The act spans §§ 20000–21716 (1,037 sections).

Added by Stats. 1995, Ch. 379, Sec. 2

Each member’s contribution deducted and remitted or otherwise paid to the board shall be credited by the board, together with regular interest, to an individual account of the member for whom the contribution was made. Payment of salaries or wages less such contribution is in full discharge of all claims and demands whatsoever for the service rendered by the members during the period covered by the payment, except the benefits afforded by this part.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.