California Education Code 22402 – Earned interest on plan assets with respect to the Defined Benefit …
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Earned interest on plan assets with respect to the Defined Benefit Program that is not credited to member accounts under the Defined Benefit Program and the plan’s other income with respect to the Defined Benefit Program shall be allocated to provide benefits payable under the Defined Benefit Program.
(Amended by Stats. 2000, Ch. 1025, Sec. 16. Effective January 1, 2001.)
Terms Used In California Education Code 22402
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.