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Earlier editions: 2020-112018-11

TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32527›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32527›PART 13. STATE TEACHERS' RETIREMENT SYSTEM 22000-25115›CHAPTER 2. Definitions 22100-22177

§ 22120

California Education Code · 2026-10 edition · updated 2026-10-04 · California

“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.

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

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