Section 21761 Of Part 3.4. Internal Revenue Code Compliance And Replacement Benefit Plan From California Government Code >> Division 5. >> Title 2. >> Part 3.4.
21761
. The state, school employers, as defined in Section 20063,
and all contracting agencies under this system shall be deemed to
have elected to contract with the board for administration of the
replacement benefit plan pursuant to this part. A participating
agency may contract with the board for administration to participate
in the replacement benefit plan administered by the board, as
follows:
(a) A participating agency shall deposit its replacement benefit
contributions into the Replacement Benefit Custodial Fund, as the
board directs.
(b) At the request of the board, the participating agency shall
furnish any data concerning its members the board requires to direct
the payment of replacement benefit contributions.
(c) A public agency that intends to contract under this section
and become a participating agency shall do so only pursuant to the
procedure set forth in Sections 20469 to 20471, inclusive.
(d) The ordinance or resolution by which a public agency approves
a contract under this section shall be filed with the board. A
participating agency under this section shall not maintain any other
replacement benefit plan, except upon the express approval of the
board.
(e) A contract entered into under this section may be amended
pursuant to the procedure set forth in Section 20472.