Statute · California Education Code
Cal. Educ. Code § 22162 — Definitions
Cal. Educ. Code § 22162
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 2010-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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.
Citator
Cal. Educ. Code § 22162 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“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.