Section 21581 Of Article 3. Preretirement 1959 Survivor Allowance From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 14. >> Article 3.
21581
. (a) The rate of contribution of a member subject to this
article shall include, in addition to his or her normal rate, two
dollars ($2) per month or fraction thereof, or ninety-three cents
($0.93) for each biweekly payroll period or fraction thereof, where
salaries are paid on that basis. Those contributions shall not become
a part of a member's accumulated contributions or be treated or
administered as normal contributions and shall not be refundable to a
member under any circumstances. Those contributions shall be
available only for payment of 1959 survivor allowances.
(b) Notwithstanding subdivision (a), the total required monthly
premium for Section 21574.5, as determined by the board, shall be
offset by the uniform amortization of surplus assets within this
account. If the total monthly premium is equal to, or less than, four
dollars ($4), the member contribution portion shall be two dollars
($2) per month and the employer shall pay the difference, if any. If
the total monthly premium required exceeds four dollars ($4), the
member and the employer shall evenly share the total required monthly
premium.
(c) Notwithstanding subdivision (a), the total monthly premium
required for Section 21574.7, as determined by the board, shall be
offset by the uniform amortization of surplus assets within this
account. Member contributions shall be two dollars ($2) per month
until such time as the future required monthly premium exceeds four
dollars ($4), and the employer shall pay the difference between the
total required monthly premium and the member's contribution. Once
the total required monthly premium exceeds four dollars ($4), the
member and the employer shall evenly share the required monthly
premium.