Section 20532 Of Article 3. Contracting Agency Financial Obligations From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 5. >> Article 3.
20532
. The contracting agency shall make the contribution for its
employees in this system, as recommended by the actuary and approved
by the board and certified by it to the contracting agency.
The contribution may consist of fixed sums, percentages of
compensation of contract members, or both, and shall be paid to this
system as provided in the contract.
The actual contribution is subject to adjustment by the board as
may be necessary on account of any additional prior service credits
that the contracting agency may desire to provide for its employees
in this system or on account of experience under this system as
determined by periodical investigation, valuation and determination
required to be made by the board, including adjustments determined as
necessary by the board, even after the total contributions
determined, plus subsequent adjustments, if any, have been completely
paid.