California Government Code PART 3.4 - INTERNAL REVENUE CODE COMPLIANCE AND REPLACEMENT BENEFIT PLAN

• Section 21750.
  The purpose of this part is to ensure the federal tax-exempt status of the Public Employees’ Retirement System, and any other retirement system administered by...
• Section 21751.
  The definitions in Part 3 (commencing with Section 20000) shall apply to this part. The following definition shall also govern the interpretation of this part:“Participating...
• Section 21752.
  (a) (1) In accordance with Section 21756, a member’s annual retirement benefits, adjusted to the actuarial equivalent of a straight-life annuity if payable in a form other...
• Section 21752.5.
  The amount of compensation that is taken into account in computing benefits payable to any person who first becomes a member of this system on...
• Section 21753.
  Notwithstanding any other provision of law, and except as provided in Section 21310.5, the retirement allowance of a member shall be increased to reflect cost-of-living...
• Section 21754.
  In addition to the benefit limitations specified in this part, if a member participates in other defined benefit plans maintained by the employer, to the...
• Section 21755.
  Internal Revenue Service Procedure 92-42 shall apply to all changes in benefit structure adopted by any employer regardless of whether the change was adopted before...
• Section 21756.
  (a) Notwithstanding any other provision of law, the retirement rights conferred by this part upon any person who for the first time becomes a member on...
• Section 21757.
  (a) If the retirement benefits of any member or his or her survivors or beneficiaries payable pursuant to Part 3 (commencing with Section 20000) would be...
• Section 21758.
  (a) There is in the State Treasury a Replacement Benefit Custodial Fund, that shall be administered exclusively by the board, that is separate and apart from...
• Section 21759.
  This part shall be administered by the board in conformity with its powers and duties set forth in Part 3 (commencing with Section 20000). The...
• Section 21760.
  The board, in addition to its general rulemaking authority under Section 20121, may adopt regulations that implement this part. Those regulations shall be exempt from...
• Section 21761.
  The state, school employers, as defined in Section 20063, and all contracting agencies under this system shall be deemed to have elected to contract with...
• Section 21762.
  If the Internal Revenue Service determines that any provision of Part 3 (commencing with Section 20000) or this part cannot be given effect without placing...
• Section 21763.
  (a) If Section 415 of Title 26 of the United States Code is amended to exclude public retirement systems, or if the application of Section 415...
• Section 21764.
  It is the sole intent of the Legislature, in enacting this part, to fully comply with the provisions of the Internal Revenue Code that apply...
• Section 21765.
  The Legislature reserves the power and right to amend this part, as needed to effect its purposes. This part shall be controlling over any memorandum...

Last modified: October 22, 2018