California Government Code

§ 21051

GOV § 21051 Effective May 14, 2003Div. 5 · Title 2 · Part 3 · Ch. 11 · Art. 6

Statute text

(a)A member electing to receive credit for service subject to this section shall contribute, in accordance with Section 21050, an amount equal to the following:

(1)The contributions the member would have made to the system for the period for which current service credit is granted, assuming that the rate of contribution under his or her employer’s formula at the rate age applicable to him or her at the beginning of his or her first subsequent period of service in membership and his or her compensation earnable on that date had applied to the member during the period for which credit is granted.

(2)The interest that would have accrued on those contributions if they had been deposited at the beginning date of his or her first subsequent period of service in membership, from that date until the date of completion of payments.

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Legislative history

Amended by Stats. 2003, Ch. 10, Sec. 23. Effective May 14, 2003.