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HomeGovernment CodeDiv. 5Pt. 3Ch. 5Art. 1§ 20467 Employer Contribution Calculation Rules

§ 20467 Employer Contribution Calculation Rules

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 20467 Employer Contribution Calculation Rules

Key Takeaways

  • •This law is about how much money some employers must pay into a special fund for their workers.
  • •The amount they pay is based on a set rate plus extra money for past work and certain benefits.
  • •The exact amount is calculated using another rule (Section 20466).
  • •This rule overrides another rule (Section 20466) for these specific employers.

Example

A city government hires firefighters and must pay into a fund for their retirement.

The city must pay a base rate plus extra money for the firefighters' past service and special benefits. They use a formula to figure out the total amount.

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

Official Source
View on CA.gov

§ 20467 Employer Contribution Calculation Rules

Notwithstanding Section 20466, the approximate contribution quoted by the board and the actual contributions for a contracting agency that is an employer for purposes of Chapter 9 (commencing with Section 20790) shall be the employer rate under Chapter 9, plus the additional amount required under that chapter on account of liability for service to date of contract and for benefits with respect to which it is not subject to Section 20506, the amount to be determined in accordance with Section 20466. (Amended by Stats. 2003, Ch. 10, Sec. 4. Effective May 14, 2003.)

Last verified: January 22, 2026

Key Terms

approximate contributionactual contributionscontracting agencyemployer rateChapter 9Section 20506Section 20466

Related Statutes

  • § 20468 Contribution Adjustment Factors
  • § 20474 Contracting Agency Election Process
  • § 20475 Public Contract Benefit Amendments
  • § 20482 Partial Local System Continuation
  • § 20486 Local System Asset Transfer

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 20467.
View Official Source