Any deposit of contributions for, but not limited to, service credit elections, except those made pursuant to Government Code section 21073.1, to be made in installments, must be made by payroll deduction upon such installment plan as may be elected, subject to the following conditions:
For purposes of this section, the applicable interest rate provided in subsections (d), (e), and (f) shall be applied from the effective date of the service credit election or contribution adjustment through the completion of payments.
An installment plan elected by a member or judge may be modified to extend the period of payment upon the Board's finding that the existing plan is effecting a hardship for the member or judge provided, however, that the plan as extended does not result in a total number of deductions, including the number already paid, exceeding the maximum permitted under this section and otherwise complies with this section.
Cal. Code Regs. Tit. 2, § 575.1
2. Amendment of section and NOTE filed 5-8-2000; operative 6-7-2000 (Register 2000, No. 19).
3. Amendment of section and NOTE filed 7-6-2006; operative 8-5-2006 (Register 2006, No. 27).
Note: Authority cited: Sections 20120 and 20121, Government Code. Reference: Sections 20750 and 21050, Government Code.
2. Amendment of section and Note filed 5-8-2000; operative 6-7-2000 (Register 2000, No. 19).
3. Amendment of section and Note filed 7-6-2006; operative 8-5-2006 (Register 2006, No. 27).