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HomeGovernment CodeDiv. 4Pt. 3Ch. 3Art. 5.5§ 31619 Retirement Fund Earnings Allocation

§ 31619 Retirement Fund Earnings Allocation

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

§ 31619 Retirement Fund Earnings Allocation

Key Takeaways

  • •After paying for certain things, any leftover money goes back into the retirement fund.
  • •This money is shared among different parts of the fund, but not the emergency savings part.
  • •No extra money is added to the special account for extra retiree benefits.

Example

Imagine you have a piggy bank for your retirement savings. You take out money for some bills and a special treat. Whatever is left goes back into the piggy bank.

The law says that after paying for certain things, any leftover money goes back into the retirement fund and is shared among different parts of the fund, except for the emergency savings part. Also, no extra money is added to the special account for extra retiree benefits.

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

Official Source
View on CA.gov

§ 31619 Retirement Fund Earnings Allocation

Remaining net earnings, after the sequential application of Sections 31615 and 31616 and Section 31617, if applicable, and Section 31618 shall be credited to all contributions, reserves, and accounts in the retirement fund, except the Contingency Reserve Account, in the manner prescribed in Section 31615, except that no further interest shall be credited to the Supplemental Retiree Benefit Reserve, established pursuant to Section 31618. (Added by renumbering Section 31510.9 by Stats. 1984, Ch. 193, Sec. 63.)

Last verified: January 22, 2026

Key Terms

retirementbenefitnetcontingency reserve accountapplication

Related Statutes

  • § 31616 Retirement Fund Contingency Reserve
  • § 31618 Retiree Benefit Reserve Fund
  • § 31613 Retirement Fund Earnings Calculation
  • § 31615 Retirement Fund Interest Crediting
  • § 31617 County Cost-Of-Living Contributions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 31619.
View Official Source