California § 22002 - The Legislature recognizes that the assets of the State Teachers
Full text of California Public Contract Code - PCC § 22002 — The Legislature recognizes that the assets of the State Teachers, with citation guidance and answers to common questions.
§ 22002. The Legislature recognizes that the assets of the State Teachers
The Legislature recognizes that the assets of the State Teachersâ Retirement Plan with respect to the Defined Benefit Program are insufficient to meet the obligations of that program already accrued or to accrue in the future with respect to service credited to members of that program prior to July 1, 1972. Therefore, the Legislature declares the following policies with respect to the financing of the Defined Benefit Program of the State Teachersâ Retirement Plan: (a) Members shall contribute a percentage of creditable compensation, unless otherwise specified in this part. (b) Employers shall contribute a percentage of the total creditable compensation on which member contributions are based. (c) The state shall contribute a sum certain for a given number of years for the purpose of payment of benefits under this part.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 22002
What does Public Contract Code - PCC § 22002 cover?
Section 22002 ("The Legislature recognizes that the assets of the State Teachers") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 22002?
A common citation format is "Public Contract Code - PCC § 22002" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 22002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.