§ 26602 Employer Contribution Credits

Education Code·California

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Key Takeaways

•When your boss puts money into your retirement account, that money belongs to you.
•Any extra money that grows from your boss's contributions (like interest) also belongs to you.
•This rule makes sure your boss can't take back the money they put in for your retirement.

Example

Your boss puts $100 every month into your retirement account. Over time, that money grows to $150 because of interest.

The $100 your boss put in and the extra $50 from interest all belong to you. Your boss can't take it back.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 26602 Employer Contribution Credits

All employer contributions on behalf of the participant and interest credited under the minimum interest rate and additional earnings credits in respect of those contributions shall be treated as credits to the participant’s employer account. (Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)

Last verified: January 23, 2026

Key Terms

employer contributions minimum interest rate additional earnings credits participant’s employer account

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26602.

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Key Takeaways

Example

Key Terms

Related Statutes

References