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2025 California Code
Harbors and Navigation Code - HNC
DIVISION 5 - PILOTS FOR MONTEREY BAY AND THE BAYS OF SAN FRANCISCO, SAN PABLO, AND SUISUN
CHAPTER 3 - Pension Plan
Section 1162.
Universal Citation:
CA Harb & Nav Code § 1162 (2025)
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1162. (a) The pension plan shall be administered and all benefit payments shall be made by one or more fiduciary agents selected by the board. Except for the collection of revenues in accordance with Section 1165 and the pilots serving as members of the board, and unless otherwise directed by the board, the pilots shall have no control of any kind or manner over the operation, administration, or management of the plan.
(b) All revenues pursuant to the plan shall be collected by the pilots, at no cost to the state or board, and transmitted monthly to the fiduciary agent or agents. The revenues shall not be included in the account required by Section 1136.
(Amended by Stats. 1992, Ch. 639, Sec. 2. Effective January 1, 1993.)
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