CHAPTER 7. Participation Accounts

Chapter 7 added by Stats. 1999, Ch. 307, Sec. 4.

§§ 22970.60–22970.64 · 5 sections

• § 22970.60 (a) Contributions made to the plan by the participant shall be credited to the participant’s account. (b) Subject to the terms and conditions established by…
• § 22970.61 In the case of a contribution that is made under a mistake of fact, nothing in this part shall prohibit the return of that contribution to the participant…
• § 22970.62 The net earnings of the applicable investment fund option available under the plan shall be allocated to the participant’s account as of each valuation date.
• § 22970.63 The value of each participant’s account shall be determined at least once annually in a manner prescribed by the board.
• § 22970.64 A participant shall receive a statement that displays the value, or balance, of the participant’s account and summarizes any credits to the account or other…