CA Educ Code Section 22162

“Regular interest” means interest that is equal to the actuarially assumed rate of return on investments on assets of the Defined Benefit Program. The regular interest rate shall be adopted annually by the board as a plan amendment with respect to the Defined Benefit Program. This section shall become operative on July 1, 2010.

Source: Section 22162, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=22162..

Last Updated

Aug. 19, 2023

§ 22162’s source at ca.gov

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Location: https://california.public.law/codes/ca_educ_code_section_22162

Original Source: Section 22162, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=22162. (last accessed Aug. 19, 2023).