Section 31592 Of Article 5. Financial Provisions From California Government Code >> Division 4. >> Title 3. >> Part 3. >> Chapter 3. >> Article 5.

. Earnings of the retirement fund during any year in excess of the total interest credited to contributions and reserves during such year shall remain in the fund as a reserve against deficiencies in interest earnings in other years, losses on investments and other contingencies, except as provided in Sections 31529.5 and 31592.2.