2009 California Government Code - Section 22960.65-22960.69 :: Chapter 7. Participant Accounts

22960.65.  (a) Any contributions made by the participant to the plan
shall be credited to the participant's account.
   (b) Contributions made by the employer on behalf of the
participant shall be credited to the participant's account.

22960.66.  In the case of a contribution that is made under a
mistake of fact, nothing in this part shall prohibit the return of
that contribution within one year after discovery of the mistake.

22960.67.  The net earnings of the fund shall be allocated to the
participant's account as of each valuation date in the ratio that the
participant's account balance bears to the aggregate of all
participants' account balances.

22960.68.  The value of each participant's account shall be
determined at least once annually in a manner prescribed by the
board.

22960.69.  A participant shall receive a statement that displays the
value, or balance, of the participant's account and summarizes any
credits to the account or other transactions that occurred after the
immediately preceding valuation date. The statement of account shall
be provided at least once annually to each participant.