(a) âParticipant subject to the California Public Employeesâ Pension Reform Act of 2013â means, notwithstanding subdivision (f) of Section 7522.04 of the Government Code, a person who first becomes employed to perform creditable service subject to coverage under the Cash Balance Benefit Program on or after January 1, 2013. (b) A participant as defined in subdivision (a) does not include a person who was a member on or before December 31, 2012, of the California Public Employeesâ Retirement System, the Legislatorsâ Retirement System, the University of California Retirement System, county retirement systems established under Chapter 3 (commencing with Section 31450) of Part 3 of Division 4 of Title 3 of the Government Code, or the San Francisco Employeesâ Retirement System, and the person performed service in the other retirement system within the six months prior to the commencement of creditable service under the Cash Balance Benefit Program. (c) This section shall be deemed to have become operative on January 1, 2013.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.