California § 32033 - All contributions and deposits shall bear simple interest at a rate to be fixed b
Full text of California Public Contract Code - PCC § 32033 — All contributions and deposits shall bear simple interest at a rate to be fixed b, with citation guidance and answers to common questions.
§ 32033. All contributions and deposits shall bear simple interest at a rate to be fixed b
All contributions and deposits shall bear simple interest at a rate to be fixed by the board of retirement with the approval of the board of supervisors, not to exceed 4 percent a year. Interest shall be credited semiannually on June 30th and December 31st to all contributions in the retirement fund to the credit of each member which have been on deposit for six months immediately prior to such date.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 32033
What does Public Contract Code - PCC § 32033 cover?
Section 32033 ("All contributions and deposits shall bear simple interest at a rate to be fixed b") 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 § 32033?
A common citation format is "Public Contract Code - PCC § 32033" (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 § 32033 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.