California Education Code
§ 22950.5
EDC § 22950.5 Effective Jun 24, 2014Div. 1 · Title 1 · Part 13 · Ch. 16
Statute text
View on leginfo.ca.gov(a)Commencing July 1, 2014, the amount of contributions required under subdivision (a) of Section 22950 shall increase by the following percentages of the creditable compensation upon which members’ contributions under the Defined Benefit Program are based:
(1)On July 1, 2014, by 0.63 percent.
(2)On July 1, 2015, by 2.48 percent.
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Legislative history
Added by Stats. 2014, Ch. 47, Sec. 7. (AB 1469) Effective June 24, 2014. Section inoperative July 1, 2046, or sooner as prescribed in subd. (c). Repealed on or before January 1, 2047, by its own provisions. Adding action may become inoperative under conditions prescribed by Stats. 2014, Ch. 47, Sec. 13, subds. (b), (c), and (d).