There is a newer version of the California Code
2007 California Government Code Chapter 4. The Fund
CA Codes (gov:22960.45-22960.51)
GOVERNMENT CODESECTION 22960.45-22960.51
22960.45. The State Peace Officers' and Firefighters' Defined Contribution Plan Fund is hereby established as a special trust fund in the State Treasury to accept participant and employer contributions to the plan. 22960.46. The board shall have exclusive control of the investment of the fund. 22960.47. Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as a custodian for safekeeping, recordkeeping, delivery, securities valuation, investment performance reporting, or other services in connection with investment and administration of the fund. 22960.48. Notwithstanding Section 13340, all moneys in the fund are continuously appropriated, without regard to fiscal years or plan years, to the board to carry out the purposes of this part. 22960.49. All costs of the plan shall be charged against the plan participants accounts. 22960.50. The assets of the fund shall be valued annually, and may be valued more frequently as prescribed by the board. 22960.51. No part of the assets of the fund may revert to the employer until all liabilities of the plan have been fully satisfied.
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.