Cal. Gov. Code § 31694.2

Current through the 2024 Legislative Session.

Section 31694.2 - Responsibilities of employer electing to participate in account

An employer who elects to participate in the Post-Employment Benefits Trust Account shall be required to establish, fund, and apply distributions from the Post-Employment Benefits Trust Account, and administer a post-employment health, life, welfare, or other supplemental benefit plan or plans funded through the Post-Employment Benefits Trust Account, pursuant to applicable federal tax requirements or other legal provisions. An employer may expressly delegate its responsibilities under this section to the retirement system as described in subdivision (f) of Section 31694.1, to the extent allowed by federal tax laws.

Ca. Gov. Code § 31694.2

Amended by Stats 2007 ch 327 (AB 1124),s 6, eff. 1/1/2008.

Added by Stats 2006 ch 846 (AB 2863),s 6, eff. 9/30/2006.