CHAPTER 16. Deferred Compensation
Chapter 16 added by Stats. 1995, Ch. 379, Sec. 2.
§§ 21670–21685 · 17 sections
- § 21670 The board may establish one or more tax-preferred retirement savings programs for California public employees. These programs shall be made available to all…
- § 21671 A tax-preferred retirement savings program established pursuant to Section 21670 may grant the maximum tax-preferred retirement savings opportunities available…
- § 21671.5 The design and administration of a tax-preferred retirement savings program established pursuant to Section 21670 shall conform with the applicable provisions…
- § 21672 A tax-preferred retirement savings program may include one or more of the following components: (a) Investment fund options for participants, as part of the…
- § 21673 (a) The investment fund options under subdivision (b) of Section 21672 may include, but not be limited to, any or all of the following: (1) Mortgage-backed…
- § 21674 (a) Investment fund options under subdivision (a) of Section 21672 shall be provided through a written interagency agreement between the board and the…
- § 21675 All development and administration costs of tax-preferred retirement savings programs shall be paid by employers and plan participants.
- § 21676 The Public Employees’ Deferred Compensation Fund is hereby established. Notwithstanding any other provision of law, the board may: (a) Establish one or more…
- § 21677 The Public Employees’ Deferred Compensation Fund shall consist of the following sources and receipts, for which disbursements shall be accounted for as set…
- § 21678 The board, if authorized by another statute, may make expenditures from the asset management and services account in the Public Employees’ Deferred…
- § 21679 The officers and employees of this system shall discharge their duties with respect to the tax-preferred retirement savings program solely in the interest of…
- § 21680 Except as otherwise provided by law, the officers and employees of this system shall not engage in a transaction with regard to a tax-preferred retirement…
- § 21681 The officers and employees of this system shall not do any of the following: (a) Deal with the assets of the program in their own interest or for their own…
- § 21682 This chapter shall not be construed to prohibit officers and employees of this system from participating in a tax-preferred retirement savings program, on the…
- § 21683 This system may require an investment manager or recordkeeper under contract with, or appointed by, this system be subject to the duties set forth in Section…
- § 21684 Nothing in this article is intended to lessen the scope of personal liability of the officers and employees of this system as it pertains to acts or conduct of…
- § 21685 Notwithstanding any other provision of this part, the following definitions govern the construction of this chapter: (a) “Participating employer” means any…