ARTICLE 1. General Provisions [7500. - 7514.7.]

Article 1 heading added by Stats. 2012, Ch. 296, Sec. 10.

§§ 7500–7514.7 · 39 sections

§ 7500 Any city with a population of 1,000,000 or more, and any agency thereof, which has established any pension and retirement plan which requires officers and…
§ 7500.5 (a) This section shall only apply to the City of San Diego. (b) For the purposes of this section, the following definitions shall apply: (1) “Federal system”…
§ 7501 It is the intent and purpose of the Legislature, in enacting this chapter, to safeguard the solvency of all public retirement systems and funds. The…
§ 7502 The Controller shall review the annual financial report of each state and local public retirement system submitted pursuant to Section 7504 giving particular…
§ 7503 All state and local public retirement systems shall prepare an annual report in accordance with generally accepted accounting principles.
§ 7504 (a) All state and local public retirement systems shall, not less than triennially, secure the services of an actuary. For the purposes of this section,…
§ 7505 Every state and local public retirement system shall permit any person entitled to the receipt of benefits to designate that payment of such benefits shall be…
§ 7506 Notwithstanding any other provision of law, any person entitled to the receipt of benefits from any state retirement system may authorize the payment of the…
§ 7506.5 The Controller shall make an agreement with one or more financial institutions participating in the Automated Clearing House pursuant to the local rules, and…
§ 7507 (a) For the purpose of this section: (1) “Actuary” means an actuary as defined in Section 7504. (2) “Future annual costs” includes, but is not limited to,…
§ 7507.2 (a) There is hereby enacted the California Actuarial Advisory Panel. The panel shall provide impartial and independent information on pensions, other…
§ 7507.5 It is the intent of the Legislature that the Regents of the University of California provide written notice to the Legislature of any proposed changes to…
§ 7508 A retired member of a state retirement system, other than the University of California Retirement System, the Judges’ Retirement System, the Judges’ Retirement…
§ 7508.5 Except as otherwise provided in Section 20098 or 31528 of this code, or Section 22212.5 of the Education Code, an individual who was a member of the retirement…
§ 7509 (a) The restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any loans made by, or…
§ 7510 (a) (1) Except as provided in subdivision (b), a public retirement system, which has invested assets in real property and improvements thereon for business or…
§ 7510.5 (a) For purposes of this section, the following definitions apply: (1) “Board” means the Board of Administration of the Public Employees’ Retirement System or…
§ 7511 Notwithstanding any other provision to the contrary: (a) A public retirement system may purchase insurance for its fiduciaries or for itself to cover liability…
§ 7512 Each state and local public pension or retirement system shall, on and after the 90th day following the completion of the annual audit of the system, mail or…
§ 7513 (a) In the case of a state or local retirement system or plan that is subject to Section 401(a)(31) of the Internal Revenue Code, if, under the terms of the…
§ 7513.5 (a) On or before the first day of March of each year, the Teachers’ Retirement Board and the Board of Administration of the Public Employees’ Retirement…
§ 7513.6 (a) As used in this section, the following definitions shall apply: (1) “Active business operations” means a company engaged in business operations that…
§ 7513.7 (a) As used in this section, the following definitions shall apply: (1) “Board” means the Board of Administration of the Public Employees’ Retirement System or…
§ 7513.72 (a) As used in this section: (1) “Board” means the Board of Administration of the Public Employees’ Retirement System or the Teachers’ Retirement Board of the…
§ 7513.74 (a) As used in this section, the following terms have the following meanings: (1) “Board” means the Board of Administration of the Public Employees’ Retirement…
§ 7513.75 (a) The Legislature finds and declares all of the following: (1) The combustion of coal resources is the single largest contributor to global climate change in…
§ 7513.8 As used in this section and Sections 7513.85, 7513.86, 7513.87, 7513.9, and 7513.95: (a) “Board” means the retirement board of a public pension or retirement…
§ 7513.85 (a) The board shall develop and implement, on or before June 30, 2010, a policy requiring the disclosure of payments to placement agents in connection with…
§ 7513.86 Except as provided in subdivisions (b) and (c) of Section 82047.3, a person shall not act as a placement agent in connection with any potential system…
§ 7513.87 (a) A person acting as a placement agent in connection with any potential system investment made by a local public retirement system shall file any applicable…
§ 7513.9 (a) Any placement agent, prior to acting as a placement agent in connection with any potential system investment, shall disclose to the board all campaign…
§ 7513.95 A member or employee of the board shall not, directly or indirectly, by himself or herself, or as an agent, partner, or employee of a person or entity other…
§ 7513.97 As used in Section 11 of Article VII of the Constitution, the following terms have the following meanings: (a) “Actuarial equivalent” means a benefit of equal…
§ 7514 (a) Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or local…
§ 7514.1 Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or local public…
§ 7514.2 (a) As used in this section, the following definitions shall apply: (1) “Board” means the Board of Administration of the Public Employees’ Retirement System,…
§ 7514.3 Notwithstanding any other provision of law, state pension systems may, subject to and consistent with their fiduciary duties and the standard for prudent…
§ 7514.5 Notwithstanding any other provision of law, whenever the rights of a member of the Public Employees’ Retirement System, the State Teachers’ Retirement System,…
§ 7514.7 (a) Every public investment fund shall require each alternative investment vehicle in which it invests to make the following disclosures at least annually: (1)…