California Government Code CHAPTER 4 - The Fund

• Section 22960.45.
  The State Peace Officers’ and Firefighters’ Defined Contribution Plan Fund is hereby established as a special trust fund in the State Treasury to accept participant...
• Section 22960.46.
  The board shall have exclusive control of the investment of the fund.(Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.)
• Section 22960.47.
  Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as a custodian for safekeeping, recordkeeping, delivery, securities...
• Section 22960.48.
  Notwithstanding Section 13340, all moneys in the fund are continuously appropriated, without regard to fiscal years or plan years, to the board to carry out...
• Section 22960.49.
  All costs of the plan shall be charged against the plan participants accounts.(Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.)
• Section 22960.50.
  The assets of the fund shall be valued annually, and may be valued more frequently as prescribed by the board.(Added by Stats. 1998, Ch. 820,...
• Section 22960.51.
  No part of the assets of the fund may revert to the employer until all liabilities of the plan have been fully satisfied.(Added by Stats....
• Section 22960.52.
  Consistent with the requirements of Section 401(a)(2) of the Internal Revenue Code (26 U.S.C. Sec. 401(a)(2)), the corpus or income of the plan’s trust shall...

Last modified: October 22, 2018