California Government Code ARTICLE 1 - General Provisions

• Section 7500.
  Any city with a population of 1,000,000 or more, and any agency thereof, which has established any pension and retirement plan which requires officers and...
• Section 7500.5.
  (a) This section shall only apply to the City of San Diego.(b) For the purposes of this section, the following definitions shall apply:(1) “Federal system” means the old...
• Section 7501.
  It is the intent and purpose of the Legislature, in enacting this chapter, to safeguard the solvency of all public retirement systems and funds. The...
• Section 7502.
  The Controller shall review the annual financial report of each state and local public retirement system submitted pursuant to Section 7504 giving particular consideration to...
• Section 7503.
  All state and local public retirement systems shall prepare an annual report in accordance with generally accepted accounting principles.(Amended by Stats. 1978, Ch. 388.)
• Section 7504.
  (a) All state and local public retirement systems shall, not less than triennially, secure the services of an actuary. For the purposes of this section, “actuary”...
• Section 7505.
  Every state and local public retirement system shall permit any person entitled to the receipt of benefits to designate that payment of such benefits shall...
• Section 7506.
  Notwithstanding any other provision of law, any person entitled to the receipt of benefits from any state retirement system may authorize the payment of the...
• Section 7506.5.
  The Controller shall make an agreement with one or more financial institutions participating in the Automated Clearing House pursuant to the local rules, and shall...
• Section 7507.
  (a) For the purpose of this section:(1) “Actuary” means an actuary as defined in Section 7504.(2) “Future annual costs” includes, but is not limited to, annual dollar changes,...
• Section 7507.2.
  (a) There is hereby enacted the California Actuarial Advisory Panel. The panel shall provide impartial and independent information on pensions, other postemployment benefits, and best practices...
• Section 7507.5.
  It is the intent of the Legislature that the Regents of the University of California provide written notice to the Legislature of any proposed changes...
• Section 7508.
  A retired member of a state retirement system, other than the University of California Retirement System, the Judges’ Retirement System, the Judges’ Retirement System II,...
• Section 7508.5.
  Except as otherwise provided in Section 20098 or 31528 of this code, or Section 22212.5 of the Education Code, an individual who was a member...
• Section 7509.
  (a) The restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any loans made by,...
• Section 7510.
  (a) (1) Except as provided in subdivision (b), a public retirement system, which has invested assets in real property and improvements thereon for business or residential purposes...
• Section 7511.
  Notwithstanding any other provision to the contrary:(a) A public retirement system may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring...
• Section 7512.
  Each state and local public pension or retirement system shall, on and after the 90th day following the completion of the annual audit of the...
• Section 7513.
  (a) In the case of a state or local retirement system or plan that is subject to Section 401(a)(31) of the Internal Revenue Code, if, under...
• Section 7513.5.
  (a) On or before the first day of March of each year, the Teachers’ Retirement Board and the Board of Administration of the Public Employees’ Retirement...
• Section 7513.6.
  (a) As used in this section, the following definitions shall apply:(1) “Active business operations” means a company engaged in business operations that provide revenue to the government...
• Section 7513.7.
  (a) As used in this section, the following definitions shall apply:(1) “Board” means the Board of Administration of the Public Employees’ Retirement System or the Teachers’ Retirement...
• Section 7513.72.
  (a) As used in this section:(1) “Board” means the Board of Administration of the Public Employees’ Retirement System or the Teachers’ Retirement Board of the State Teachers’...
• Section 7513.75.
  (a) The Legislature finds and declares all of the following:(1) The combustion of coal resources is the single largest contributor to global climate change in the United...
• Section 7513.8.
  As used in this section and Sections 7513.85, 7513.86, 7513.87, 7513.9, and 7513.95:(a) “Board” means the retirement board of a public pension or retirement system, as...
• Section 7513.85.
  (a) The board shall develop and implement, on or before June 30, 2010, a policy requiring the disclosure of payments to placement agents in connection with...
• Section 7513.86.
  Except as provided in subdivisions (b) and (c) of Section 82047.3, a person shall not act as a placement agent in connection with any potential...
• Section 7513.87.
  (a) A person acting as a placement agent in connection with any potential system investment made by a local public retirement system shall file any applicable...
• Section 7513.9.
  (a) Any placement agent, prior to acting as a placement agent in connection with any potential system investment, shall disclose to the board all campaign contributions...
• Section 7513.95.
  A member or employee of the board shall not, directly or indirectly, by himself or herself, or as an agent, partner, or employee of a...
• Section 7513.97.
  As used in Section 11 of Article VII of the Constitution, the following terms have the following meanings:(a) “Actuarial equivalent” means a benefit of equal value...
• Section 7514.
  (a) Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or...
• Section 7514.1.
  Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or...
• Section 7514.2.
  (a) As used in this section, the following definitions shall apply:(1) “Board” means the Board of Administration of the Public Employees’ Retirement System, the Teachers’ Retirement Board,...
• Section 7514.3.
  Notwithstanding any other provision of law, state pension systems may, subject to and consistent with their fiduciary duties and the standard for prudent investment set...
• Section 7514.5.
  Notwithstanding any other provision of law, whenever the rights of a member of the Public Employees’ Retirement System, the State Teachers’ Retirement System, or a...
• Section 7514.7.
  (a) Every public investment fund shall require each alternative investment vehicle in which it invests to make the following disclosures at least annually:(1) The fees and expenses...

Last modified: October 22, 2018