(a) All employee contributions shall be credited to employee accounts and all employer contributions shall be credited to employer accounts as of the first working day following the date all contributions to fully satisfy the contribution report as submitted by the employer are received by the system.
(b) This section shall become inoperative on July 1, 2018, and, as of January 1, 2019, is repealed.
(Amended by Stats. 2016, Ch. 218, Sec. 41. (SB 1352) Effective January 1, 2017. Inoperative July 1, 2018. Repealed as of January 1, 2019, by its own provisions. See later operative version added by Sec. 42 of Stats. 2016, Ch. 218.)
Last modified: October 25, 2018