§ 22120
40 words·~1 min read·
/ca/education-code/22120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Credited interest” means interest that is credited to active members’ and inactive members’ accumulated retirement contributions and accumulated annuity deposit contributions at a rate set annually by the board as a plan amendment with respect to the Defined Benefit Program.