CHAPTER 2. Definitions
Chapter 2 added by Stats. 1998, Ch. 820, Sec. 11.
§§ 22960.10–22960.32 · 23 sections
- § 22960.10 “Account” means the account maintained with respect to the participant which reflects that aggregate value of the following amounts credited to the…
- § 22960.11 “Beneficiary” means any person or persons designated by the participant pursuant to this part, or otherwise entitled by statute, to receive distributions from…
- § 22960.12 “Board” means the Board of Administration of the California Public Employees’ Retirement System.
- § 22960.13 “Compensation” means the total amount paid to an employee for a plan year as required to be reported on the employee’s Internal Revenue Service form W-2 for…
- § 22960.14 “Disability” means a disability as determined by the board pursuant to Section 21156.
- § 22960.15 “Eligible employee” means any person employed by the state, whose compensation is paid out of funds directly controlled by the state, and who is subject to…
- § 22960.16 “Employee contribution” means the amount withheld from the participant’s compensation by the employer as a contribution to the participant’s account in the…
- § 22960.17 “Employee contribution rate” means the percentage of the participant’s compensation to be withheld by the employer as an employee contribution to the plan.
- § 22960.18 “Employer” means the State of California.
- § 22960.19 “Employer contribution” means the amount contributed by the employer to the participant’s account in the plan.
- § 22960.20 “Employer contribution rate” means the percentage of the participant’s compensation to be contributed by the employer to the participant’s account in the plan.
- § 22960.21 “Fund” means the State Peace Officers’ and Firefighters’ defined Contribution Plan Fund.
- § 22960.22 “Net earnings” means the income earned, or losses incurred, on the State Peace Officers’ and Firefighters’ Defined Contribution Plan Fund, less the costs of…
- § 22960.23 “Normal retirement age” means the age at which the participant is eligible for a retirement benefit without special qualifications and is the age of 50 years…
- § 22960.24 “Participant” means an employee who is subject to coverage by the plan, and who has contributions credited under the plan.
- § 22960.25 “Plan” means the State Peace Officers’ and Firefighters’ Defined Contribution Plan.
- § 22960.26 “Plan year” means the 12-month period commencing on any January 1 and ending on the following December 31.
- § 22960.27 “Retirement” means termination of all employment for the employer and completion of all conditions precedent to receiving a distribution for retirement.
- § 22960.28 “Spouse” means the person married to the participant on the date the participant files a beneficiary designation, or an application for a distribution from the…
- § 22960.29 “State peace officers and firefighters” means those persons included in the definition of “state peace officer/firefighter member” pursuant to Article 3…
- § 22960.30 “System” means the Public Employees’ Retirement System.
- § 22960.31 “Termination” means termination of employment by reason of separation from all service for the employer.
- § 22960.32 “Valuation date” means the date as of which the assets of the fund are valued.