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 article. 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 § 22944
Prefunding Plan for Health Care Coverage for Annuitants
Known as the Public Employees’ Medical and Hospital Care Act
The act spans §§ 22750 to 22948 (165 sections).
Repealed and added by Stats. 2007, Ch. 318, Sec. 5
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.