California Public Employees’ Pension Reform Act of 2013
Known as the California Public Employees’ Pension Reform Act
The act spans §§ 7522–7522 (25 sections).
Applied in 1 court decision — leading case State v. U.S. the Dep't of Labor (2018)
Most recently applied in State v. U.S. the Dep't of Labor (January 2018)
Added by Stats. 2012, Ch. 296, Sec. 15
(a) A public retirement system shall not allow the purchase of nonqualified service credit, as defined by Section 415(n)(3)(C) of the Internal Revenue Code of 1986 (26 U.S.C. Sec. 415(n)(3)(C)).
(b) Subdivision (a) shall not apply to an official application to purchase nonqualified service credit that is received by the public retirement system prior to January 1, 2013, that is subsequently approved by the system.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.