California Government Code ARTICLE 1.5 - Pension Trusts

• Section 53215.
  “Local agency” as used in this article means a city, city and county, district, school district, municipal or public corporation, political subdivision, or other public...
• Section 53216.
  The legislative body of a local agency may establish a pension trust funded by individual life insurance contracts, individual annuities, group policies of life insurance,...
• Section 53216.1.
  It is the intent of the Legislature, consistent with the mandate of the voters in passing Proposition 21 at the June 5, 1984, Primary Election,...
• Section 53216.2.
  A county that has established a pension trust pursuant to this article may contract with the courts within the county, and with other local agencies...
• Section 53216.3.
  The legislative body shall employ investment counsel or trust companies or trust departments of banks to render service in connection with its investment program.(Added by...
• Section 53216.4.
  The legislative body of the local agency shall report annually to the beneficiaries and potential beneficiaries of the pension trust on the status of the...
• Section 53216.5.
  Notwithstanding any other provisions of this article and except as otherwise expressly restricted by the California Constitution and by law, the legislative body, trust, or...
• Section 53216.6.
  The assets of the pension trust are trust funds and shall be held for the exclusive purposes of providing benefits to participants in the pension...
• Section 53216.7.
  Notwithstanding any other provision of this article to the contrary, separate rates of contribution for male and female employees shall not be maintained or established...
• Section 53216.8.
  In the case of a pension trust established pursuant to this article which provides for individual accounts and permits a participant or beneficiary to direct...
• Section 53216.9.
  (a) Any former member who left the service of a local agency with established reciprocity, and who became a member of a county retirement system, a...
• Section 53217.
  From funds under its jurisdiction the legislative body may authorize payment to the trust of amounts equaling all or any portion of the moneys necessary...
• Section 53217.5.
  (a) It is the intent of the Legislature in enacting this section, to provide a uniform limit on the pension trust benefits for the members of...
• Section 53217.6.
  (a) It is the intent of the Legislature in enacting this section to recognize a public obligation to all those whose duties as local prosecutors, local...
• Section 53217.10.
  (a) On or after January 1, 2003, a member who is credited with less than the number of years of service required for vesting shall have...
• Section 53218.
  Any law prohibiting, restricting, or limiting the assignment of or order for wages or salary does not prohibit, restrict, or limit the powers conferred in...
• Section 53219.
  A pension trust established pursuant to this article shall have trustees, agents or officers who shall carry on the business of the pension trust. The...
• Section 53220.
  Unless the legislative body of the local agency specifically provides that a pension trust plan established pursuant to this article is compulsory upon the officers...
• Section 53221.
  The legislative body of the local agency which establishes a pension trust plan pursuant to the provisions of this article may provide for waiver of...
• Section 53222.
  The legislative body of a local agency which establishes a pension trust plan pursuant to the provisions of this article may grant reciprocal retirement benefits...
• Section 53222.5.
  If a local legislative body establishes a pension trust pursuant to this article that provides for disability retirement or has established reciprocity with a retirement...
• Section 53223.
  The legislative body of the local agency which establishes a pension trust plan pursuant to the provisions of this article may adopt any other provisions...
• Section 53224.
  The legislative body of a local agency which establishes a pension trust plan pursuant to the provisions of this article may contribute to a plan...

Last modified: October 22, 2018