Section 599.550 - DefinitionsFor purposes of this article:
(a) "Health care coverage for annuitants" means post-employment healthcare benefits and other postemployment benefits provided to terminated or retired employees and their dependents and beneficiaries. For purposes of this definition, "postemployment healthcare benefits" means medical, dental, vision, and other health-related benefits, and "other postemployment benefits" means postemployment benefits other than pension benefits, including life insurance, disability, and long-term care benefits."(b) "Participating employer" means an employer, as defined at Government Code section 22942, that has elected to participate in the prefunding plan and that contracts with CalPERS, which contract sets forth the terms and conditions of the participating employer's participation in the prefunding plan.(c) "Prefunding plan" means the Annuitants' Health Care Coverage Fund that is a trust fund intended to meet the requirements of Section 115 of the Internal Revenue Code and that is established pursuant to Government Code section 22940 to provide healthcare coverage for annuitants. The prefunding plan is sometimes referred to as the California Employers' Retiree Benefit Trust or CERBT.Cal. Code Regs. Tit. 2, § 599.550
1. New article 2 (sections 599.550-599.554) and new section filed 1-26-2007; operative 1-26-2007 pursuant to Government Code section 11343.4 (Register 2007, No. 4).
2. New section heading and amendment of subsections (b) and (c) and NOTE filed 3-28-2011; operative 4-27-2011 (Register 2011, No. 13). Note: Authority cited: Section 22796, Government Code. Reference: Sections 22940 and 22942, Government Code.
1. New article 2 (sections 599.550-599.554) and new section filed 1-26-2007; operative 1-26-2007 pursuant to Government Code section 11343.4 (Register 2007, No. 4).
2. New section heading and amendment of subsections (b) and (c) and Note filed 3-28-2011; operative 4-27-2011 (Register 2011, No. 13).