California Government Code ARTICLE 5 - The Retirement Fund

• Section 20170.
  The Public Employees’ Retirement Fund in the State Treasury is continued in existence.The Public Employees’ Retirement Fund is a trust fund created, and administered in...
• Section 20171.
  The board has the exclusive control of the administration and investment of the retirement fund.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1,
• Section 20172.
  Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as custodian for safekeeping, delivery, securities valuation, investment...
• Section 20173.
  Costs of administration of this system shall be paid from funds appropriated for interest income from the retirement fund.(Added by Stats. 1995, Ch. 379, Sec....
• Section 20174.
  Interest earned on any cash deposit in a bank by the Treasurer and income on other assets constituting a part of the fund shall be...
• Section 20175.
  Notwithstanding any other provision of law, funds in the reserve against deficiencies shall not be used to pay any employers’ contribution required by this chapter...
• Section 20176.
  Notwithstanding any other provision of law, no funds in the retirement fund shall be expended for any purpose other than the cost of administration of...
• Section 20177.
  The board shall deposit monthly in the State Treasury to the credit of the retirement fund all amounts received by it under this part.(Added by...
• Section 20178.
  (a) The board shall credit all contributions of members in the retirement fund with interest at an interest crediting rate of 6 percent compounded at each...

Last modified: October 22, 2018