2007 California Government Code Article 11. Prefunding Plan For Health Care Coverage For Annuitants

CA Codes (gov:22940-22944.2)

22940.  There is in the State Treasury the Annuitants' Health Care
Coverage Fund that is a trust fund and a retirement fund, within the
meaning of Section 17 of Article XVI of the California Constitution.
Notwithstanding Section 13340, all moneys in the fund are
continuously appropriated without regard to fiscal years to the board
for expenditure for the prefunding of health care coverage for
annuitants pursuant to this part, including administrative costs. The
board has sole and exclusive control and power over the
administration and investment of the Annuitants' Health Care Coverage
Fund and shall make investments pursuant to Part 3 (commencing with
Section 20000).



22942.  For purposes of this article, the following definitions
shall apply:
   (a) "Annuitant" means any of the following:
   (1) An annuitant described in Section 22760.
   (2) A person who retires from employment with an employer
described in paragraph (2) of subdivision (c) and who receives
postemployment health care benefits or other postemployment benefits
from the prefunding plan provided by that employer.
   (3) A surviving family member who receives postemployment health
care benefits or other postemployment benefits as a beneficiary of a
deceased person described in paragraph (2).
   (b) "Employee" means an employee described in Section 22772.
"Employee" also means an officer or employee of an employer described
in paragraph (2) of subdivision (c).
   (c) "Employer" means either of the following:
   (1) An employer described in Section 22773.
   (2) An entity described in Section 22920 that has one or more
employees and that entity provides postemployment health care
benefits or other postemployment benefits to annuitants.



22943.  An employer authorized by the board may elect to participate
in the prefunding plan established by this article.



22944.  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 this article. The governing body
of a participating employer shall enter into a contract with the
board, setting forth the terms and conditions of that employer's
participation in the prefunding plan, including, but not limited to,
funding, expenditures, and actuarial, accounting, reporting, and
investment considerations.



22944.2.  (a) A contract entered into between an employer and the
board pursuant to Section 22944 shall not create, change, or vest the
obligations of an employer or the board that were created under any
other contract, law, ordinance, regulation, or similar actions to
provide benefits for employees or annuitants of a participating
employer.
   (b) A contract between an employer and the board entered into
pursuant to Section 22944, in and of itself, shall not create,
change, or vest an obligation for either party to the contract to
provide a specific level of postemployment health care benefits or
other postemployment benefits to employees or annuitants of a
participating employer.
   (c) A contract between an employer and the board entered into
pursuant to Section 22944, in and of itself, shall not preclude or in
any way affect the authority of the employer to create, change, or
vest the specific postemployment health care benefits or other
postemployment benefits that the employer may choose to provide to
its employees or annuitants.