State Codes and Statutes

Statutes > California > Gov > 22970.10-22970.26

GOVERNMENT CODE
SECTION 22970.10-22970.26



22970.10.  "Account" means the account maintained with respect to
the participant that reflects the aggregate value of the following
amounts credited to the participant:
   (a) Employee after-tax contributions to the plan.
   (b) Net earnings of the Supplemental Contributions Program
allocable to the participant.
   (c) Any amount credited to the participant's account by reason of
a transfer from another plan or arrangement in accordance with
applicable laws.


22970.11.  "Beneficiary" means any person or persons designated by
the participant pursuant to this part, or otherwise entitled by
statute, to receive distributions from the participant's account upon
the death of the participant.


22970.12.  "Board" means the Board of Administration of the Public
Employees' Retirement System.



22970.13.  "Compensation" means the total amount paid to an employee
for a plan year as required to be reported on the employee's
Internal Revenue Service form W-2 for income tax withholding
purposes. This amount shall include employee contributions picked up
by the employer under paragraph (2) of subsection (h) of Section 414
of Title 26 of the United States Code; and any amounts deducted by
the employer from the participant's salary, including deductions for
tax-deferred retirement plans or insurance programs; deductions for
participation in a tax-sheltered annuity within the meaning of
Section 403(b) of Title 26 of the United States Code; deductions for
participation in an eligible deferred compensation plan within the
meaning of Section 457 of Title 26 of the United States Code; and
deductions for participation in a plan that meets the requirements of
Section l25 or subsection (k) of Section 401 of Title 26 of the
United States Code.


22970.14.  "Disability" means a disability of permanent or extended
and uncertain duration, as determined by the board.



22970.15.  "Early retirement age" means the age at which the
participant attains age 50 or qualifies for early retirement under
Part 3 (commencing with Section 20000).



22970.16.  (a) "Eligible employee" means:
   (1) A person employed by the state, the university, a school
employer, or a contracting agency who is a member of the system as
defined pursuant to the provisions of Chapter 4 (commencing with
Section 20370) of Part 3.
   (2) A legislator, as defined pursuant to Section 9351.3, who is a
member of the Legislators' Retirement System.
   (3) A judge, as defined in Sections 75002 and 75502, who is a
member of the Judges' Retirement System or the Judges' Retirement
System II.
   (4) A person employed by an employer who contracts with the board
for the Supplemental Contributions Program.
   (b) The board shall determine when the members of the system who
are employed by a school employer or a contracting agency shall
become eligible employees.


22970.17.  "Employee contribution" means the amount contributed by
the participating employee to his or her account in the plan.



22970.175.  "Employer" means any city, county, city and county,
district, school district, community college district, county
superintendent of schools, or other public agency, instrumentality,
or political subdivision of the state.


22970.18.  "Fund" means the Supplemental Contributions Program Fund.



22970.19.  "Net earnings" means the income earned, or losses
incurred, on the Supplemental Contributions Program Fund, less the
costs of administering the plan.



22970.20.  "Participant" means an eligible employee who has
contributions credited under the plan.



22970.21.  "Plan" means the Supplemental Contributions Program.



22970.22.  "Plan year" means the 12-month period commencing on any
January 1 and ending on the following December 31.



22970.23.  "Retirement" means termination of all employment for the
employer and completion of all conditions precedent to receiving a
distribution for retirement.



22970.24.  "System" means the Public Employees' Retirement System.



22970.25.  "Termination" means termination of employment by reason
of separation from all service for all employers that participate in
the system.


22970.26.  "Valuation date" means the date as of which the assets of
the fund are valued.


State Codes and Statutes

Statutes > California > Gov > 22970.10-22970.26

GOVERNMENT CODE
SECTION 22970.10-22970.26



22970.10.  "Account" means the account maintained with respect to
the participant that reflects the aggregate value of the following
amounts credited to the participant:
   (a) Employee after-tax contributions to the plan.
   (b) Net earnings of the Supplemental Contributions Program
allocable to the participant.
   (c) Any amount credited to the participant's account by reason of
a transfer from another plan or arrangement in accordance with
applicable laws.


22970.11.  "Beneficiary" means any person or persons designated by
the participant pursuant to this part, or otherwise entitled by
statute, to receive distributions from the participant's account upon
the death of the participant.


22970.12.  "Board" means the Board of Administration of the Public
Employees' Retirement System.



22970.13.  "Compensation" means the total amount paid to an employee
for a plan year as required to be reported on the employee's
Internal Revenue Service form W-2 for income tax withholding
purposes. This amount shall include employee contributions picked up
by the employer under paragraph (2) of subsection (h) of Section 414
of Title 26 of the United States Code; and any amounts deducted by
the employer from the participant's salary, including deductions for
tax-deferred retirement plans or insurance programs; deductions for
participation in a tax-sheltered annuity within the meaning of
Section 403(b) of Title 26 of the United States Code; deductions for
participation in an eligible deferred compensation plan within the
meaning of Section 457 of Title 26 of the United States Code; and
deductions for participation in a plan that meets the requirements of
Section l25 or subsection (k) of Section 401 of Title 26 of the
United States Code.


22970.14.  "Disability" means a disability of permanent or extended
and uncertain duration, as determined by the board.



22970.15.  "Early retirement age" means the age at which the
participant attains age 50 or qualifies for early retirement under
Part 3 (commencing with Section 20000).



22970.16.  (a) "Eligible employee" means:
   (1) A person employed by the state, the university, a school
employer, or a contracting agency who is a member of the system as
defined pursuant to the provisions of Chapter 4 (commencing with
Section 20370) of Part 3.
   (2) A legislator, as defined pursuant to Section 9351.3, who is a
member of the Legislators' Retirement System.
   (3) A judge, as defined in Sections 75002 and 75502, who is a
member of the Judges' Retirement System or the Judges' Retirement
System II.
   (4) A person employed by an employer who contracts with the board
for the Supplemental Contributions Program.
   (b) The board shall determine when the members of the system who
are employed by a school employer or a contracting agency shall
become eligible employees.


22970.17.  "Employee contribution" means the amount contributed by
the participating employee to his or her account in the plan.



22970.175.  "Employer" means any city, county, city and county,
district, school district, community college district, county
superintendent of schools, or other public agency, instrumentality,
or political subdivision of the state.


22970.18.  "Fund" means the Supplemental Contributions Program Fund.



22970.19.  "Net earnings" means the income earned, or losses
incurred, on the Supplemental Contributions Program Fund, less the
costs of administering the plan.



22970.20.  "Participant" means an eligible employee who has
contributions credited under the plan.



22970.21.  "Plan" means the Supplemental Contributions Program.



22970.22.  "Plan year" means the 12-month period commencing on any
January 1 and ending on the following December 31.



22970.23.  "Retirement" means termination of all employment for the
employer and completion of all conditions precedent to receiving a
distribution for retirement.



22970.24.  "System" means the Public Employees' Retirement System.



22970.25.  "Termination" means termination of employment by reason
of separation from all service for all employers that participate in
the system.


22970.26.  "Valuation date" means the date as of which the assets of
the fund are valued.



State Codes and Statutes

State Codes and Statutes

Statutes > California > Gov > 22970.10-22970.26

GOVERNMENT CODE
SECTION 22970.10-22970.26



22970.10.  "Account" means the account maintained with respect to
the participant that reflects the aggregate value of the following
amounts credited to the participant:
   (a) Employee after-tax contributions to the plan.
   (b) Net earnings of the Supplemental Contributions Program
allocable to the participant.
   (c) Any amount credited to the participant's account by reason of
a transfer from another plan or arrangement in accordance with
applicable laws.


22970.11.  "Beneficiary" means any person or persons designated by
the participant pursuant to this part, or otherwise entitled by
statute, to receive distributions from the participant's account upon
the death of the participant.


22970.12.  "Board" means the Board of Administration of the Public
Employees' Retirement System.



22970.13.  "Compensation" means the total amount paid to an employee
for a plan year as required to be reported on the employee's
Internal Revenue Service form W-2 for income tax withholding
purposes. This amount shall include employee contributions picked up
by the employer under paragraph (2) of subsection (h) of Section 414
of Title 26 of the United States Code; and any amounts deducted by
the employer from the participant's salary, including deductions for
tax-deferred retirement plans or insurance programs; deductions for
participation in a tax-sheltered annuity within the meaning of
Section 403(b) of Title 26 of the United States Code; deductions for
participation in an eligible deferred compensation plan within the
meaning of Section 457 of Title 26 of the United States Code; and
deductions for participation in a plan that meets the requirements of
Section l25 or subsection (k) of Section 401 of Title 26 of the
United States Code.


22970.14.  "Disability" means a disability of permanent or extended
and uncertain duration, as determined by the board.



22970.15.  "Early retirement age" means the age at which the
participant attains age 50 or qualifies for early retirement under
Part 3 (commencing with Section 20000).



22970.16.  (a) "Eligible employee" means:
   (1) A person employed by the state, the university, a school
employer, or a contracting agency who is a member of the system as
defined pursuant to the provisions of Chapter 4 (commencing with
Section 20370) of Part 3.
   (2) A legislator, as defined pursuant to Section 9351.3, who is a
member of the Legislators' Retirement System.
   (3) A judge, as defined in Sections 75002 and 75502, who is a
member of the Judges' Retirement System or the Judges' Retirement
System II.
   (4) A person employed by an employer who contracts with the board
for the Supplemental Contributions Program.
   (b) The board shall determine when the members of the system who
are employed by a school employer or a contracting agency shall
become eligible employees.


22970.17.  "Employee contribution" means the amount contributed by
the participating employee to his or her account in the plan.



22970.175.  "Employer" means any city, county, city and county,
district, school district, community college district, county
superintendent of schools, or other public agency, instrumentality,
or political subdivision of the state.


22970.18.  "Fund" means the Supplemental Contributions Program Fund.



22970.19.  "Net earnings" means the income earned, or losses
incurred, on the Supplemental Contributions Program Fund, less the
costs of administering the plan.



22970.20.  "Participant" means an eligible employee who has
contributions credited under the plan.



22970.21.  "Plan" means the Supplemental Contributions Program.



22970.22.  "Plan year" means the 12-month period commencing on any
January 1 and ending on the following December 31.



22970.23.  "Retirement" means termination of all employment for the
employer and completion of all conditions precedent to receiving a
distribution for retirement.



22970.24.  "System" means the Public Employees' Retirement System.



22970.25.  "Termination" means termination of employment by reason
of separation from all service for all employers that participate in
the system.


22970.26.  "Valuation date" means the date as of which the assets of
the fund are valued.