Section 31564 Of Article 4. Membership From California Government Code >> Division 4. >> Title 3. >> Part 3. >> Chapter 3. >> Article 4.
31564
. (a) All officers and employees of any district who have
become members of the association as provided in Section 31557, may
be withdrawn by a resolution of the governing body declaring all of
the district's employees withdrawn from the association; provided,
the governing body has first received a written petition signed by a
majority of its officers and employees requesting that the district's
officers and employees be withdrawn from the association.
(b) Upon the adoption of any resolution to withdraw its members,
all accumulated contributions held in the association shall be
refunded to the district's employees upon the effective date of their
withdrawal and in the same manner as the accumulated contributions
would be refunded upon the termination of their employment by the
district.
(c) Upon the adoption of any resolution to withdraw its members
and where there are no existing retirees from the district, the
district's contributions shall be transferred to another public
retirement system that meets the requirement of a tax-qualified
retirement plan under Section 401(a) of Title 26 of the United States
Code.
(d) A refund, distribution, or transfer of contributions or other
funds shall not be made to any employee or any district unless that
action complies with the requirements of Section 401(a) of Title 26
of the United States Code.
(e) In the event of the transfer of district contributions to
another public retirement system, the employee contributions shall
also be transferred to the other public retirement system.
(f) The effective date of withdrawal of any resolution adopted
pursuant to this section shall be at the end of the calendar month
during which such resolution is adopted.