California § 26606 - Any additional earnings credit declared shall be determined as a specified percen
Full text of California Public Contract Code - PCC § 26606 — Any additional earnings credit declared shall be determined as a specified percen, with citation guidance and answers to common questions.
§ 26606. Any additional earnings credit declared shall be determined as a specified percen
Any additional earnings credit declared shall be determined as a specified percentage increase in the closing balance of each employee account and employer account with respect to the Cash Balance Benefit Program measured as of the last day of the plan year. The additional earnings credit shall be credited to employee account and employer account balances as of the date the board declares the additional earnings credit is to be applied. The additional earnings credit shall not be credited to employee accounts and employer accounts that have been transferred to the Annuitant Reserve for payment of an annuity under the Cash Balance Benefit Program.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 26606
What does Public Contract Code - PCC § 26606 cover?
Section 26606 ("Any additional earnings credit declared shall be determined as a specified percen") 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 § 26606?
A common citation format is "Public Contract Code - PCC § 26606" (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 § 26606 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.