California Government Code 31592 – Earnings of the retirement fund during any year in excess of the …
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Earnings of the retirement fund during any year in excess of the total interest credited to contributions and reserves during such year shall remain in the fund as a reserve against deficiencies in interest earnings in other years, losses on investments and other contingencies, except as provided in Sections 31529.5 and 31592.2.
(Amended by Stats. 1977, Ch. 202.)