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CHAPTER 1 - General Provisions
Section 22960. - 22960. (a) The State Peace Officers’ and Firefighters’ Defined Contribution...
Section 22960.05. - 22960.05. The plan is intended to constitute a governmental plan...
Section 22960.1. - 22960.1. The State Peace Officers’ and Firefighters’ Defined Contribution Plan...
Section 22960.2. - 22960.2. (a) The State Peace Officers’ and Firefighters’ Defined Contribution...
Section 22960.3. - 22960.3. If any provision of this part or application thereof...
Section 22960.4. - 22960.4. (a) The Legislature finds and declares that an agreement...
CHAPTER 2 - Definitions
Section 22960.10. - 22960.10. “Account” means the account maintained with respect to the...
Section 22960.11. - 22960.11. “Beneficiary” means any person or persons designated by the...
Section 22960.12. - 22960.12. “Board” means the Board of Administration of the California...
Section 22960.13. - 22960.13. “Compensation” means the total amount paid to an employee...
Section 22960.14. - 22960.14. “Disability” means a disability as determined by the board...
Section 22960.15. - 22960.15. “Eligible employee” means any person employed by the state,...
Section 22960.16. - 22960.16. “Employee contribution” means the amount withheld from the participant’s...
Section 22960.17. - 22960.17. “Employee contribution rate” means the percentage of the participant’s...
Section 22960.18. - 22960.18. “Employer” means the State of California. (Added by Stats....
Section 22960.19. - 22960.19. “Employer contribution” means the amount contributed by the employer...
Section 22960.20. - 22960.20. “Employer contribution rate” means the percentage of the participant’s...
Section 22960.21. - 22960.21. “Fund” means the State Peace Officers’ and Firefighters’ defined...
Section 22960.22. - 22960.22. “Net earnings” means the income earned, or losses incurred,...
Section 22960.23. - 22960.23. “Normal retirement age” means the age at which the...
Section 22960.24. - 22960.24. “Participant” means an employee who is subject to coverage...
Section 22960.25. - 22960.25. “Plan” means the State Peace Officers’ and Firefighters’ Defined...
Section 22960.26. - 22960.26. “Plan year” means the 12-month period commencing on any...
Section 22960.27. - 22960.27. “Retirement” means termination of all employment for the employer...
Section 22960.28. - 22960.28. “Spouse” means the person married to the participant on...
Section 22960.29. - 22960.29. “State peace officers and firefighters” means those persons included...
Section 22960.30. - 22960.30. “System” means the Public Employees’ Retirement System. (Added by...
Section 22960.31. - 22960.31. “Termination” means termination of employment by reason of separation...
Section 22960.32. - 22960.32. “Valuation date” means the date as of which the...
CHAPTER 3 - Administration of the Plan
Section 22960.35. - 22960.35. (a) Except as provided in this part, the plan...
Section 22960.36. - 22960.36. (a) The board shall adopt a trust instrument embodying...
Section 22960.37. - 22960.37. In administering the plan, the officers and employees of...
Section 22960.38. - 22960.38. With regard to the plan, the board shall not...
Section 22960.39. - 22960.39. The board may require a third-party administrator, recordkeeper, custodian,...
Section 22960.40. - 22960.40. Data filed by any participant or beneficiary with the...
CHAPTER 4 - The Fund
Section 22960.45. - 22960.45. The State Peace Officers’ and Firefighters’ Defined Contribution Plan...
Section 22960.46. - 22960.46. The board shall have exclusive control of the investment...
Section 22960.47. - 22960.47. Notwithstanding any other provision of law, the board may...
Section 22960.48. - 22960.48. Notwithstanding Section 13340, all moneys in the fund are...
Section 22960.49. - 22960.49. All costs of the plan shall be charged against...
Section 22960.50. - 22960.50. The assets of the fund shall be valued annually,...
Section 22960.51. - 22960.51. No part of the assets of the fund may...
Section 22960.52. - 22960.52. Consistent with the requirements of Section 401(a)(2) of the...
CHAPTER 5 - Eligibility
Section 22960.55. - 22960.55. (a) Any person who is an eligible employee on...
CHAPTER 6 - Contributions
Section 22960.60. - 22960.60. (a) Employer and employee contribution rates may be determined...
Section 22960.61. - 22960.61. The employer shall pick up, for the sole purpose...
Section 22960.62. - 22960.62. Pursuant to terms and conditions established by the board,...
Section 22960.63. - 22960.63. (a) Notwithstanding any other provision of law or contract...
CHAPTER 7 - Participant Accounts
Section 22960.65. - 22960.65. (a) Any contributions made by the participant to the...
Section 22960.66. - 22960.66. In the case of a contribution that is made...
Section 22960.67. - 22960.67. The net earnings of the fund shall be allocated...
Section 22960.68. - 22960.68. The value of each participant’s account shall be determined...
Section 22960.69. - 22960.69. A participant shall receive a statement that displays the...
CHAPTER 8 - Rights to Benefits
Section 22960.70. - 22960.70. A participant has a vested right to 100 percent...
Section 22960.71. - 22960.71. The right of a participant to a benefit is...
CHAPTER 9 - Community Property
Section 22960.75. - 22960.75. (a) Upon the legal separation or dissolution of marriage...
Section 22960.76. - 22960.76. For purposes of this chapter, “nonparticipant spouse” means the...
Section 22960.77. - 22960.77. (a) The nonparticipant spouse shall have the right to...
Section 22960.78. - 22960.78. (a) A nonparticipant spouse may apply for a retirement...
Section 22960.79. - 22960.79. A nonparticipant spouse who is entitled to a distribution...
CHAPTER 10 - Beneficiary Designation
Section 22960.80. - 22960.80. The participant may designate any person or persons as...
Section 22960.81. - 22960.81. Notwithstanding Section 22960.80, the participant’s beneficiary designation shall not...
Section 22960.82. - 22960.82. Unless otherwise provided in the beneficiary designation form, each...
Section 22960.83. - 22960.83. In the event the participant dies without a valid...
CHAPTER 11 - Benefits
Section 22960.85. - 22960.85. (a) Upon separation from all service for the employer...
Section 22960.86. - 22960.86. (a) Upon separation from all service for the employer,...
Section 22960.87. - 22960.87. (a) A disability benefit shall become payable to a...
Section 22960.88. - 22960.88. (a) Upon receipt of proof of a participant’s death,...
Section 22960.89. - 22960.89. Any participant who is entitled to a distribution for...
Section 22960.90. - 22960.90. A beneficiary who is the spouse of the participant...
Section 22960.91. - 22960.91. A beneficiary who is not the spouse of the...
Section 22960.92. - 22960.92. The board may contract with an insurance, annuity, mutual...
CHAPTER 12 - Distributions
Section 22960.95. - 22960.95. Notwithstanding any other provision of this part, a participant,...
Section 22960.96. - 22960.96. (a) Distributions from the plan shall be made as...
Section 22960.97. - 22960.97. If a person becomes entitled to a distribution from...
Section 22960.98. - 22960.98. Except as otherwise provided in this part, all distributions...
Section 22960.99. - 22960.99. (a) The plan’s obligations to a participant, beneficiary, or...