CHAPTER 19. California Employers’ Pension Prefunding Trust Program

Chapter 19 added by Stats. 2018, Ch. 665, Sec. 1.

§§ 21710–21716 · 8 sections

• § 21710 For purposes of this chapter, the following definitions shall apply: (a) “Participating employer” means an employer that is authorized and has elected to…
• § 21711 (a) The California Employers’ Pension Prefunding Trust Fund is hereby established as a special trust fund in the State Treasury for the purpose of allowing…
• § 21712 Each participating employer shall pay an amount, not to exceed the reasonable administrative costs, as determined by the board, for administrative and asset…
• § 21713 An employer authorized by the board may elect to participate in the prefunding plan established by this chapter.
• § 21714 The board may, in its discretion and upon terms and conditions set by the board, authorize an employer to participate in the prefunding plan established by…
• § 21714.5 Pursuant to terms and conditions established by the board, an employer may request a disbursement of funds from its account in the California Employers’…
• § 21715 (a) The board may terminate the participation of an employer in the prefunding plan if any of the following apply: (1) An employer elects to cease to…
• § 21716 The board may adopt regulations, including emergency regulations pursuant to the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of…