“Regular interest” means interest at 212 percent a year until otherwise determined by the board compounded semiannually on June 30th and December 31st.
Cal. Gov. Code § 31472
General
Applied in 1 court decision — leading case Barrett v. Stanislaus County Employees Retirement Ass'n (1987)
Most recently applied in Barrett v. Stanislaus County Employees Retirement Ass'n (March 1987)
Amended by Stats. 1949, Ch. 1228.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.