§ 26603 Contribution Crediting Requirements

Education Code·California

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Key Takeaways

•Money taken from your paycheck for retirement goes into your account right away.
•Money your boss adds to your retirement also goes into their account right away.
•This rule started on July 1, 2018.

Example

You get paid every two weeks, and $50 is taken out of your paycheck for retirement.

That $50 must go into your retirement account on the same day your boss is supposed to send it, not later.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 26603 Contribution Crediting Requirements

(a) All employee contributions shall be credited to employee accounts and all employer contributions shall be credited to employer accounts effective as of the day contributions are required to be transmitted to the plan pursuant to subdivision (a) of Section 26303. (b) This section shall become operative on July 1, 2018. (Repealed (in Sec. 41) and added by Stats. 2016, Ch. 218, Sec. 42. (SB 1352) Effective January 1, 2017. Section operative July 1, 2018, by its own provisions.)

Last verified: January 23, 2026

Key Terms

employee contributions employer contributions employee accounts employer accounts Section 26303

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26603.

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Key Takeaways

Example

Key Terms

Related Statutes

References