California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 1. GENERAL EDUCATION CODE PROVISIONS |
Division 1. GENERAL EDUCATION CODE PROVISIONS |
Part 13. STATE TEACHERS' RETIREMENT SYSTEM |
Chapter 15. Employee Contributions |
Section 22901.
Latest version.
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(a) Each member of the Defined Benefit Program shall contribute to the retirement fund an amount equivalent to 8 percent of the member's creditable compensation.
(b) Notwithstanding Section 22905, any member contributions for service performed during the 2010–11 school year with a service period ending after December 31, 2010, shall be credited pursuant to subdivision (a).
(Amended by Stats. 2010, Ch. 207, Sec. 9. Effective January 1, 2011.)