Section 26506 Of Chapter 6. Contributions From California Education Code >> Division 1. >> Title 1. >> Part 14. >> Chapter 6.
26506
. (a) Except as provided in subdivision (b), participants
shall not make voluntary pretax or post-tax contributions into the
Cash Balance Benefit Program, nor shall participants redeposit
amounts previously distributed from employee accounts or employer
accounts.
(b) Pursuant to terms and conditions established by the board,
participants may be permitted to transfer funds from eligible
retirement plans into the Cash Balance Benefit Program to the extent
that the transfers are allowable under and are completed in a manner
prescribed by applicable federal and state laws, and any related
regulations.
(c) Funds deposited with the Cash Balance Benefit Program by a
participant pursuant to subdivision (b) shall be credited to the
participant and identified separately from credits in the participant'
s employee and employer accounts. Funds so deposited shall be treated
as credits to the participant's employee account for all other
purposes under this part.