California Government Code

§ 7522.10

GOV § 7522.10 Effective Oct 4, 2013Div. 7 · Title 1 · Ch. 21 · Art. 4

Statute text

(a)On and after January 1, 2013, each public retirement system shall modify its plan or plans to comply with the requirements of this section for each public employer that participates in the system.

(b)Whenever pensionable compensation, as defined in Section 7522.34, is used in the calculation of a benefit, the pensionable compensation shall be subject to the limitations set forth in subdivision (c).

(c)The pensionable compensation used to calculate the defined benefit paid to a new member who retires from the system shall not exceed the following applicable percentage of the contribution and benefit base specified in Section 430(b) of Title 42 of the United States Code on January 1, 2013:

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Legislative history

Amended by Stats. 2013, Ch. 528, Sec. 4. (SB 13) Effective October 4, 2013.