California Government Code CHAPTER 16 - Deferred Compensation

• Section 21670.
  The board may establish one or more tax-preferred retirement savings programs for California public employees. These programs shall be made available to all employees of...
• Section 21671.
  A tax-preferred retirement savings program established pursuant to Section 21670 may grant the maximum tax-preferred retirement savings opportunities available under current federal law, and may...
• Section 21671.5.
  The design and administration of a tax-preferred retirement savings program established pursuant to Section 21670 shall conform with the applicable provisions of Title 26 of...
• Section 21672.
  A tax-preferred retirement savings program may include one or more of the following components:(a) Investment fund options for participants, as part of the deferred compensation program...
• Section 21673.
  (a) The investment fund options under subdivision (b) of Section 21672 may include, but not be limited to, any or all of the following:(1) Mortgage-backed securities funds,...
• Section 21674.
  (a) Investment fund options under subdivision (a) of Section 21672 shall be provided through a written interagency agreement between the board and the Department of Human...
• Section 21675.
  All development and administration costs of tax-preferred retirement savings programs shall be paid by employers and plan participants.(Amended by Stats. 2010, Ch. 639, Sec. 12....
• Section 21676.
  The Public Employees’ Deferred Compensation Fund is hereby established. Notwithstanding any other provision of law, the board may:(a)  Establish one or more accounts, trusts, group...
• Section 21677.
  The Public Employees’ Deferred Compensation Fund shall consist of the following sources and receipts, for which disbursements shall be accounted for as set forth below:(a) Fees...
• Section 21678.
  The board, if authorized by another statute, may make expenditures from the asset management and services account in the Public Employees’ Deferred Compensation Fund to...
• Section 21679.
  The officers and employees of this system shall discharge their duties with respect to the tax-preferred retirement savings program solely in the interest of the...
• Section 21680.
  Except as otherwise provided by law, the officers and employees of this system shall not engage in a transaction with regard to a tax-preferred retirement...
• Section 21681.
  The officers and employees of this system shall not do any of the following:(a) Deal with the assets of the program in their own interest or...
• Section 21682.
  This chapter shall not be construed to prohibit officers and employees of this system from participating in a tax-preferred retirement savings program, on the same...
• Section 21683.
  This system may require an investment manager or recordkeeper under contract with, or appointed by, this system be subject to the duties set forth in...
• Section 21684.
  Nothing in this article is intended to lessen the scope of personal liability of the officers and employees of this system as it pertains to...
• Section 21685.
  Notwithstanding any other provision of this part, the following definitions govern the construction of this chapter:(a) “Participating employer” means any California public agency, including, but not...

Last modified: October 22, 2018