Section 31522.6 Of Article 3. Retirement Board From California Government Code >> Division 4. >> Title 3. >> Part 3. >> Chapter 3. >> Article 3.
31522.6
. The board may contract with a third party to temporarily
assume administration of the system if a catastrophic event destroys
or severely damages the system's administrative facilities or
otherwise prevents or significantly hinders continued local
administration of the system. Local administration of the system
shall resume as soon as practicable.
The costs of contracting with the third party for temporary
administration of the system shall be a charge against the investment
earnings of the retirement fund.