§ 20799 Retirement Fund Interest Crediting

• •Money put into the retirement fund by the state, schools, and other agencies earns interest.
• •The interest is calculated using the current earnings rate of the fund.
• •Interest is added to the fund every year on June 30.
• •The interest builds up over time, making the fund grow bigger.

If your school puts $100 into the retirement fund this year, that money will earn interest.

The fund will add interest to that $100 every June 30, based on how well the fund is doing. Over time, that $100 will grow to more money because of the added interest.