§ 22117
66 words·~1 min read·
/ca/education-code/22117A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Contribution rate for additional service credit” means the contribution rate adopted by the board as a plan amendment with respect to the Defined Benefit Program for the purchase of service credit. This rate shall be based upon the most recent valuation of the plan with respect to the Defined Benefit Program and increased to include any subsequently required contribution rates designated for funding subsequent allowance increases.