Cal. Gov. Code § 31592
Current through the 2023 Legislative Session.
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.
Ca. Gov. Code § 31592