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Education Code - EDC - EDC § 22206.5
Education Code - EDC - EDC § 22206.5
The system shall make all final employer audit reports available on its internet website. Personal information regarding members shall be excluded to the extent necessary to protect their privacy.
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Education Code - EDC - EDC § 22207
Education Code - EDC - EDC § 22207
The board shall perform any other acts necessary for the administration of the system and the plan in carrying into effect the provisions of this part and Part 14 (commencing with Section 26000), which may include, but shall not be limited to, requesting the following information
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Education Code - EDC - EDC § 22208
Education Code - EDC - EDC § 22208
The board may appoint a committee of two or more of its members to perform any act within the power of the board itself to perform. The board may also delegate authority to the chief executive officer to perform any such act. Except where the board, in delegating that authority,
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Education Code - EDC - EDC § 22209
Education Code - EDC - EDC § 22209
The office of chief executive officer shall be filled by appointment by the board and the appointee shall serve at the pleasure of the board.
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Education Code - EDC - EDC § 22210
Education Code - EDC - EDC § 22210
(a) Reversal by the board of any act of the committee or the chief executive officer shall be effective on the date fixed by the board. (b) Payment of benefits prior to the board’s action of reversal may not be affected by such an action, except for the recovery of the amounts pa
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Education Code - EDC - EDC § 22212
Education Code - EDC - EDC § 22212
The board shall appoint such employees as are necessary to administer the plan and the system.
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Education Code - EDC - EDC § 22212.5
Education Code - EDC - EDC § 22212.5
(a) Except as otherwise provided in subdivision (d), this section shall apply to the following positions in the system: a chief executive officer, a chief operating officer, a chief financial officer, a system actuary, a general counsel, a chief investment officer, and other inve
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Education Code - EDC - EDC § 22213
Education Code - EDC - EDC § 22213
The board shall regulate the duties of employers, employing agencies, and other public authorities, imposed upon them by this part, and shall require reports from employers, employing agencies, and other public authorities, as it deems advisable in connection with the performance
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Education Code - EDC - EDC § 22214
Education Code - EDC - EDC § 22214
The board may take any action it deems necessary to ensure the continued right of members or beneficiaries to receive monthly payments.
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Education Code - EDC - EDC § 22215
Education Code - EDC - EDC § 22215
The board shall determine the service performed by members to be credited toward qualification for retirement, and shall fix and modify allowances provided under this part.
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Education Code - EDC - EDC § 22216
Education Code - EDC - EDC § 22216
(a) The board shall annually adopt as a plan amendment with respect to the Defined Benefit Program the rate of credited interest to be credited to members’ accumulated retirement contributions for service performed after June 30, 1935, and the accumulated annuity deposit contribu
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Education Code - EDC - EDC § 22217
Education Code - EDC - EDC § 22217
(a) The board shall employ a certified public accountant or public accountant, who is not in public employment, to audit the financial statements of the system. The costs of the audit shall be paid from the income of the retirement fund. The audit shall be made annually and the a
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Education Code - EDC - EDC § 22218
Education Code - EDC - EDC § 22218
The board shall establish and maintain records and accounts following recognized accounting principles and controls.
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Education Code - EDC - EDC § 22219
Education Code - EDC - EDC § 22219
(a) The board may in its discretion hold a hearing for the purpose of determining any question presented to it involving any right, benefit, or obligation of a person under this part. (b) When a hearing is held, the proceedings shall be conducted in accordance with Chapter 5 (com
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Education Code - EDC - EDC § 22220
Education Code - EDC - EDC § 22220
In addition to the authority granted pursuant to Section 11181 of the Government Code, the board may subpoena witnesses and compel their attendance to testify before it.
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Education Code - EDC - EDC § 22221
Education Code - EDC - EDC § 22221
The board shall adopt, upon the recommendation of the actuary of the system, any mortality and other tables and interest rates necessary to do the following: (a) Permit valuation of the assets and liabilities of the system. (b) Make any determination or calculation necessary to c
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Education Code - EDC - EDC § 22222
Education Code - EDC - EDC § 22222
The board may adjust the amounts of the death payments based on changes in the All Urban California Consumer Price Index, and shall adopt as a plan amendment with respect to the Defined Benefit Program any adjusted amount, provided that the most recent actuarial valuation report
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Education Code - EDC - EDC § 22223
Education Code - EDC - EDC § 22223
The members of the board who are not active members of the Defined Benefit Program or active participants of the Cash Balance Benefit Program and who are appointed by the Governor pursuant to Section 22200 shall receive one hundred dollars ($100) for every day of actual attendanc
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Education Code - EDC - EDC § 22224
Education Code - EDC - EDC § 22224
Members of the Defined Benefit Program and participants of the Cash Balance Benefit Program, who are either elected to the board or appointed to the board by the Governor pursuant to Section 22200, or who are appointed by the board to serve on a committee or subcommittee of the b
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Education Code - EDC - EDC § 22225
Education Code - EDC - EDC § 22225
(a) The compensation of the members of the Defined Benefit Program and participants of the Cash Balance Benefit Program who are either elected to the board or appointed to the board by the Governor pursuant to Section 22200, or who are appointed by the board to a committee or sub
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Education Code - EDC - EDC § 22226
Education Code - EDC - EDC § 22226
(a) The board shall conduct a study on providing health insurance benefits, including vision and dental care benefits, for active, disabled, and retired members, beneficiaries, children, and dependent parents. The health insurance may include vision and dental care. (b) The study
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Education Code - EDC - EDC § 22227
Education Code - EDC - EDC § 22227
It is the intent of the Legislature that candidates for board seats described in paragraph (5) of subdivision (a) of Section 22200, including incumbent board members running for reelection, shall file campaign statements with the Secretary of State according to campaign reporting
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Education Code - EDC - EDC § 22228
Education Code - EDC - EDC § 22228
(a) Commencing March 1, 2023, and annually thereafter, the board shall submit a report to the Legislature on the status of achieving appropriate objectives and initiatives, as defined by the board, regarding participation of emerging or diverse managers responsible for asset mana
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Education Code - EDC - EDC § 22250
Education Code - EDC - EDC § 22250
The board and its officers and employees of the system shall discharge their duties with respect to the system and the plan solely in the interest of the members and beneficiaries of the Defined Benefit Program as well as the participants and beneficiaries of the Cash Balance Ben
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Education Code - EDC - EDC § 22251
Education Code - EDC - EDC § 22251
(a) Except as provided in subdivision (b), the assets of the plan shall never inure to the benefit of an employer and shall be held for the exclusive purposes of providing benefits to members and beneficiaries of the Defined Benefit Program as well as the participants and benefic