California § 50955 - The board shall, from time to time, determine and fix the annual interest rate an
Full text of California Public Contract Code - PCC § 50955 — The board shall, from time to time, determine and fix the annual interest rate an, with citation guidance and answers to common questions.
§ 50955. The board shall, from time to time, determine and fix the annual interest rate an
(a) The board shall, from time to time, determine and fix the annual interest rate and actuarial interest rate. (b) The board shall keep in convenient form the data necessary for the actuarial valuation of the award system. The board shall, at least quadrennially, cause to be made an actuarial investigation into the mortality and service experience of members and persons receiving awards and an actuarial valuation of the assets and liabilities of the award system. (c) When there is insufficient data upon which to establish mortality rates or other actuarial assumptions required to evaluate the obligations of the award system, the board may adopt appropriate assumptions that, upon the advice and recommendation of the actuary, are necessary.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50955
What does Public Contract Code - PCC § 50955 cover?
Section 50955 ("The board shall, from time to time, determine and fix the annual interest rate an") 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 § 50955?
A common citation format is "Public Contract Code - PCC § 50955" (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 § 50955 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.