California Government Code

§ 21710

GOV § 21710 Effective Jan 1, 2020Div. 5 · Title 2 · Part 3 · Ch. 19

Statute text

For purposes of this chapter, the following definitions shall apply:

(a)“Participating employer” means an employer that is authorized and has elected to participate in the prefunding plan.

(b)“Prefunding plan” means the California Employers’ Pension Prefunding Trust Fund, a trust fund administered by the board, for the purpose of investing employer payments toward their required pension contributions to a defined benefit pension plan and that is intended to meet the requirements of Section 115 of the Internal Revenue Code.

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Legislative history

Amended by Stats. 2019, Ch. 330, Sec. 17. (SB 782) Effective January 1, 2020.