Section 23203 Of Chapter 19. Redeposit Of Contributions From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 19.
23203
. (a) A member who elects to redeposit refunded accumulated
retirement contributions shall pay, prior to retirement, all
contributions and interest as determined under Section 23200.
(b) If the system is unable to inform the member or beneficiary of
the amount required to redeposit the refunded accumulated retirement
contributions prior to the effective date of the applicable
allowance, the member or beneficiary may make the required payment
within 30 working days after the date of mailing of the statement of
contributions and interest required or the effective date of the
appropriate allowance, whichever is later, except as provided in
subdivision (d). The payment shall be paid in full before a member or
beneficiary receives any adjustment in the appropriate allowance due
because of that payment.
(c) Redeposit of refunded accumulated retirement contributions
shall be made in one sum, or in not more than 120 monthly
installments, not to exceed ten years, provided that no installment,
except the final installment, is less than twenty-five dollars ($25).
(d) The measurement of time within which a redeposit described in
subdivision (b) shall be made is subject to Section 22337.