Education Code § 22120

CHAPTER 2. Definitions

Current as of September 28, 2026Ed. Code, § 22120Official source ↗

Amended by Stats. 2016, Ch. 218, Sec. 6. (SB 1352) Effective January 1, 2017.

“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.