California Education Code

§ 26403

EDC § 26403 Effective Jan 1, 2020Div. 1 · Title 1 · Part 14 · Ch. 5

Statute text

(a)A person who performs trustee service for an employer who has elected to provide benefits pursuant to this part to its employees may elect to participate in the Cash Balance Benefit Program for that service.

(1)The election shall be made in writing on a properly executed form prescribed by the system and filed with the employer at any time while performing trustee service.

(2)The election form shall be received at the system’s headquarters office within 60 calendar days after the date of the trustee’s signature and prior to the submission of contributions. The employer shall retain a copy of the election form.

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Legislative history

Amended by Stats. 2019, Ch. 318, Sec. 11. (AB 1452) Effective January 1, 2020.