Section 1162 Of Chapter 3. Pension Plan From California Harbors And Navigation Code >> Division 5. >> Chapter 3.
1162
. (a) The pension plan shall be administered and all benefit
payments shall be made by one or more fiduciary agents selected by
the board. Except for the collection of revenues in accordance with
Section 1165 and the pilots serving as members of the board, and
unless otherwise directed by the board, the pilots shall have no
control of any kind or manner over the operation, administration, or
management of the plan.
(b) All revenues pursuant to the plan shall be collected by the
pilots, at no cost to the state or board, and transmitted monthly to
the fiduciary agent or agents. The revenues shall not be included in
the account required by Section 1136.