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California Code, Government Code - GOV § 32333

Current as of January 01, 2023 | Updated by FindLaw Staff

All contributions and deposits shall bear simple interest at a rate to be fixed by the board with the approval of the board of supervisors, not to exceed 4 percent a year.

Interest shall be credited semiannually on June 30th and December 31st to all contributions in the fund to the credit of each member which have been on deposit for six months immediately prior to such date.

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Cite this article: FindLaw.com - California Code, Government Code - GOV § 32333 - last updated January 01, 2023 | https://codes.findlaw.com/ca/government-code/gov-sect-32333/

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