ARTICLE 8.10. Post-Employment Health Benefits: San Bernardino County Alternative Fund

Article 8.10 added by Stats. 2009, Ch. 326, Sec. 1.

§§ 31699.1–31699.10 · 10 sections

• § 31699.1 This article shall apply to a board of retirement established in a county of the seventh class.
• § 31699.2 Unless the context otherwise requires, the definitions contained in this section govern the construction of this article. (a) “Board members” means the…
• § 31699.3 The purpose of this article is to allow the retirement system board to establish a postemployment health benefits fund for public agencies that would enable…
• § 31699.4 (a) (1) The retirement system board may establish, by resolution, a postemployment health benefits fund for the collective investment of assets held in trust…
• § 31699.5 The investment of the assets in the postemployment health benefits fund shall be subject to the fiduciary standards governing investments under Section 17 of…
• § 31699.6 (a) The postemployment health benefits fund board shall determine the investments of the postemployment health benefits fund and may delegate this function to…
• § 31699.7 (a) The postemployment health benefits fund board shall establish the terms and conditions for a public agency and its trust fund to participate in the…
• § 31699.8 (a) The sole function of the postemployment health benefits fund shall be to invest assets of participating public agencies and their trust funds that are held…
• § 31699.9 (a) Expenses of administration of this article shall be allocated by the retirement system board, in its discretion and on a reasonable basis, among the…
• § 31699.10 The postemployment health benefits fund board shall act as a separate governing board of the postemployment health benefits fund, with separate rules,…