CHAPTER 7. Participant Accounts

Chapter 7 added by Stats. 1998, Ch. 820, Sec. 11.

§§ 22960.65–22960.69 · 5 sections

• § 22960.65 (a) Any contributions made by the participant to the plan shall be credited to the participant’s account. (b) Contributions made by the employer on behalf of…
• § 22960.66 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 within one year after…
• § 22960.67 The net earnings of the fund shall be allocated to the participant’s account as of each valuation date in the ratio that the participant’s account balance…
• § 22960.68 The value of each participant’s account shall be determined at least once annually in a manner prescribed by the board.
• § 22960.69 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…