The board may, in its discretion and upon terms and conditions set by the board, authorize an employer to participate in the prefunding plan established by this chapter. The governing body of a participating employer shall enter into a contract with the board, setting forth the terms and conditions of that employer’s participation in the prefunding plan, including, but not limited to, funding, expenditures, and actuarial, accounting, reporting, and investment considerations.
Cal. Gov. Code § 21714
California Employers’ Pension Prefunding Trust Program
Known as the Public Employees’ Retirement Law
The act spans §§ 20000–21716 (1,037 sections).
Added by Stats. 2018, Ch. 665, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.