From time to time the board shall determine the rate of interest being earned on the Legislators’ Retirement Fund, and shall credit all contributions of members and retired members with interest at the net earnings rate, compounded at each June 30th.
Cal. Gov. Code § 9353.3
Administration
Known as the Legislators’ Retirement Law
The act spans §§ 9350–9378 (120 sections).
Amended by Stats. 1985, Ch. 168, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.