CHAPTER 3. Retirement Board [22200. - 22228.]

Chapter 3 added by Stats. 1993, Ch. 893, Sec. 2.

§§ 22200–22228 · 38 sections

§ 22200 (a) The plan and the system are administered by the Teachers’ Retirement Board. On and after January 1, 2004, the members of the board are as follows: (1) The…
§ 22200.5 (a) The board shall conduct the elections of members described in Section 22200 pursuant to regulations adopted by the board. (b) The board shall hold special…
§ 22201 (a) The board shall set policy and shall have the sole power and authority to hear and determine all facts pertaining to application for benefits under the…
§ 22201.2 A quorum of the board shall consist of the majority of the board members. In determining whether or not a quorum is present, vacant positions on the board…
§ 22201.3 The chief executive officer of the system shall act as secretary of the board and shall have charge of all board correspondence and shall keep a record of…
§ 22202 The board has exclusive control of the administration of the funds. No transfers or disbursements of any amount from the funds shall be made except upon the…
§ 22203 The board has exclusive control of the investment of the Teachers’ Retirement Fund. Except as otherwise restricted by the California Constitution and by law,…
§ 22203.5 (a) All investment transaction decisions made during a closed session, pursuant to paragraph (16) of subdivision (c) of Section 11126 of the Government Code,…
§ 22204 Each member of the board may administer oaths and affirmations to witnesses and others transacting the business of the system.
§ 22205 The board has the authority to negotiate, and enter into agreements with other states of the United States on the subject of the transfer of members’…
§ 22206 (a) As often as the board determines necessary, it may audit or cause to be audited the records of any public agency. (b) The board may excuse any audit…
§ 22206.1 (a) Before auditing, or causing to be audited, the records of a public agency pursuant to Section 22206, the board shall provide written notice of the intended…
§ 22206.2 (a) The board shall provide the final audit report to the public agency audited pursuant to Section 22206 and to the exclusive representative or…
§ 22206.3 (a) If the public agency audited pursuant to Section 22206 disagrees with the final audit report, it may request an administrative hearing pursuant to Section…
§ 22206.4 (a) If a member affected by an audit disagrees with the final audit report, the member may request an administrative hearing pursuant to Section 22219. The…
§ 22206.5 The system shall make all final employer audit reports available on its internet website. Personal information regarding members shall be excluded to the…
§ 22207 The board shall perform any other acts necessary for the administration of the system and the plan in carrying into effect the provisions of this part and Part…
§ 22208 The board may appoint a committee of two or more of its members to perform any act within the power of the board itself to perform. The board may also delegate…
§ 22209 The office of chief executive officer shall be filled by appointment by the board and the appointee shall serve at the pleasure of the board.
§ 22210 (a) Reversal by the board of any act of the committee or the chief executive officer shall be effective on the date fixed by the board. (b) Payment of benefits…
§ 22212 The board shall appoint such employees as are necessary to administer the plan and the system.
§ 22212.5 (a) Except as otherwise provided in subdivision (d), this section shall apply to the following positions in the system: a chief executive officer, a chief…
§ 22213 The board shall regulate the duties of employers, employing agencies, and other public authorities, imposed upon them by this part, and shall require reports…
§ 22214 The board may take any action it deems necessary to ensure the continued right of members or beneficiaries to receive monthly payments.
§ 22215 The board shall determine the service performed by members to be credited toward qualification for retirement, and shall fix and modify allowances provided…
§ 22216 (a) The board shall annually adopt as a plan amendment with respect to the Defined Benefit Program the rate of credited interest to be credited to members’…
§ 22217 (a) The board shall employ a certified public accountant or public accountant, who is not in public employment, to audit the financial statements of the…
§ 22218 The board shall establish and maintain records and accounts following recognized accounting principles and controls.
§ 22219 (a) The board may in its discretion hold a hearing for the purpose of determining any question presented to it involving any right, benefit, or obligation of a…
§ 22220 In addition to the authority granted pursuant to Section 11181 of the Government Code, the board may subpoena witnesses and compel their attendance to testify…
§ 22221 The board shall adopt, upon the recommendation of the actuary of the system, any mortality and other tables and interest rates necessary to do the following:…
§ 22222 The board may adjust the amounts of the death payments based on changes in the All Urban California Consumer Price Index, and shall adopt as a plan amendment…
§ 22223 The members of the board who are not active members of the Defined Benefit Program or active participants of the Cash Balance Benefit Program and who are…
§ 22224 Members of the Defined Benefit Program and participants of the Cash Balance Benefit Program, who are either elected to the board or appointed to the board by…
§ 22225 (a) The compensation of the members of the Defined Benefit Program and participants of the Cash Balance Benefit Program who are either elected to the board or…
§ 22226 (a) The board shall conduct a study on providing health insurance benefits, including vision and dental care benefits, for active, disabled, and retired…
§ 22227 It is the intent of the Legislature that candidates for board seats described in paragraph (5) of subdivision (a) of Section 22200, including incumbent board…
§ 22228 (a) Commencing March 1, 2023, and annually thereafter, the board shall submit a report to the Legislature on the status of achieving appropriate objectives and…