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Current as of January 01, 2025 | Updated by Findlaw Staff
Notwithstanding Section 20178, for member deaths occurring on or after January 1, 1994, if the actuarial interest rate exceeds 6 percent, the accumulated contributions of a member payable pursuant to subdivision (a) of Section 21532 shall be increased by a factor determined by the board that is based on the difference between the current actuarial interest rate defined in Section 20014 and the 6 percent interest crediting rate on member contributions.If the actuarial interest rate is less than 6 percent, no increase may be provided under this section.
Cite this article: FindLaw.com - California Code, Government Code - GOV § 21535 - last updated January 01, 2025 | https://codes.findlaw.com/ca/government-code/gov-sect-21535/
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