California Legal Codes and Statutes

§ 20132

Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.
(a)Upon the basis of any investigation, valuation, or determination, or all of these, the board shall adopt mortality, service and other tables and annual and actuarial interest rates it deems necessary.
(b)A change in interest rate adopted by the board shall not apply to any election of a member to deposit or redeposit contributions, including interest, filed prior to the date the change was placed into effect.

Cite this section

Cal. Gov. Code § 20132 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-5-personnel/part-3-public-employees-retirement-system/chapter-2-administration-of-system/article-2-powers-and-duties-of-the-board/section-20132

Other sections in Article 2 - Powers and Duties of the Board

§ 20120§ 20121§ 20122§ 20123§ 20124§ 20125§ 20126§ 20127§ 20128§ 20129§ 20130§ 20131§ 20132§ 20133§ 20134§ 20135§ 20136§ 20138§ 20139§ 20140

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.