Section 20737 Of Article 4. Return Of Contributions From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 8. >> Article 4.
20737
. The account of a member who elects to be subject to Section
21076 or 21076.5 shall be paid current year interest through the
effective date of that election for service rendered as a state
miscellaneous or state industrial member. Interest subsequent to the
effective date of that election shall accrue at a rate determined by
the board. The member shall not receive his or her accumulated
contributions plus interest until the time of retirement or upon
request after permanent separation from state service. Interest shall
be paid through the day prior to retirement or through the date on
which the claim is filed with the Controller. This section does not
apply to a member who elects to be subject to Section 21077.