Section 32341 Of Article 5. Contributions From California Government Code >> Division 4. >> Title 3. >> Part 3. >> Chapter 5. >> Article 5.
32341
. When the compensation of a member is a factor in any
computation to be made under this chapter, there shall be excluded
from such computation for any period of service prior to the first
day of the month after the effective date of this section, any
compensation earned since the establishment of the system upon which
compensation the member has not paid contributions into the fund
because of the provisions of Section 32322 as it existed prior to
October 1, 1949, unless on or before December 31, 1952, such member
shall elect by written notice filed with the board to pay into the
retirement fund either by lump sum payment or by pay roll deductions
over a period not exceeding 36 months, and prior to the effective
date of his retirement and thereafter pays into the fund within the
period specified such additional amount as he would have contributed
as a part of his contributions had Section 32322 always read as it
now reads and an amount equal to one-half the additional interest
which would have been accrued to his account under such assumptions.