PART 3.4. INTERNAL REVENUE CODE COMPLIANCE AND REPLACEMENT BENEFIT PLAN
Heading of Part 3.4 amended by Stats. 2003, Ch. 10, Sec. 32.
§§ 21750–21765 · 17 sections
- § 21750 The purpose of this part is to ensure the federal tax-exempt status of the Public Employees’ Retirement System, and any other retirement system administered by…
- § 21751 The definitions in Part 3 (commencing with Section 20000) shall apply to this part. The following definition shall also govern the interpretation of this part:…
- § 21752 (a) (1) In accordance with Section 21756, a member’s annual retirement benefits, adjusted to the actuarial equivalent of a straight-life annuity if payable in…
- § 21752.5 The amount of compensation that is taken into account in computing benefits payable to any person who first becomes a member of this system on or after July 1,…
- § 21753 Notwithstanding any other provision of law, and except as provided in Section 21310.5, the retirement allowance of a member shall be increased to reflect…
- § 21754 In addition to the benefit limitations specified in this part, if a member participates in other defined benefit plans maintained by the employer, to the…
- § 21755 Internal Revenue Service Procedure 92-42 shall apply to all changes in benefit structure adopted by any employer regardless of whether the change was adopted…
- § 21756 (a) Notwithstanding any other provision of law, the retirement rights conferred by this part upon any person who for the first time becomes a member on or…
- § 21757 (a) If the retirement benefits of any member or his or her survivors or beneficiaries payable pursuant to Part 3 (commencing with Section 20000) would be…
- § 21758 (a) There is in the State Treasury a Replacement Benefit Custodial Fund, that shall be administered exclusively by the board, that is separate and apart from…
- § 21759 This part shall be administered by the board in conformity with its powers and duties set forth in Part 3 (commencing with Section 20000). The board shall, to…
- § 21760 The board, in addition to its general rulemaking authority under Section 20121, may adopt regulations that implement this part. Those regulations shall be…
- § 21761 The state, school employers, as defined in Section 20063, and all contracting agencies under this system shall be deemed to have elected to contract with the…
- § 21762 If the Internal Revenue Service determines that any provision of Part 3 (commencing with Section 20000) or this part cannot be given effect without placing a…
- § 21763 (a) If Section 415 of Title 26 of the United States Code is amended to exclude public retirement systems, or if the application of Section 415 to public…
- § 21764 It is the sole intent of the Legislature, in enacting this part, to fully comply with the provisions of the Internal Revenue Code that apply to public…
- § 21765 The Legislature reserves the power and right to amend this part, as needed to effect its purposes. This part shall be controlling over any memorandum of…