Section 20035.4 Of Article 2. Definitions From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 1. >> Article 2.
20035.4
. Notwithstanding Sections 20035 and 20037, "final
compensation," for the purpose of determining any pension or benefit
with respect to a member who retires or dies on or after July 1,
2003, who was a member of State Bargaining Unit 16, and whose monthly
salary range that was to be effective July 1, 2003, was reduced by 5
percent pursuant to a memorandum of understanding entered during the
2003-04 fiscal year, means the highest annual compensation the
member would have earned as of July 1, 2003, if that 5-percent
reduction had not occurred. This section shall apply only if the
period during which the member's salary was reduced would have
otherwise been included in determining his or her final compensation.
The increased costs, if any, that may result from the application of
the definition of "final compensation" provided in this section
shall be paid by the employer in the same manner as other retirement
benefits are funded.