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Code · California · Government Code

§ 31592

52 words·~1 min read·/ca/government-code/31592

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Earnings of the retirement fund during any year in excess of the total interest credited to contributions and reserves during such year shall remain in the fund as a reserve against deficiencies in interest earnings in other years, losses on investments and other contingencies, except as provided in Sections 31529.5 and 31592.2.
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