California Statutes

§ 31499.12. — 31499.12. (Amended by Stats. 2004, Ch. 533, Sec. 16.)

California·Code GOV Government Code - GOV·Div. 4.·Title 3. DIVISION 4. EMPLOYEES·Part 3. PART 3. RETIREMENT SYSTEMS·Ch. 3. CHAPTER 3. County Employees Retirement Law of 1937·Art. 1.8. ARTICLE 1.8. Alternative Optional, Integrated, Noncontributory Plan for Counties of the 20th Class
(a)
(1)Except as otherwise provided in Section 31499.13, there shall be no general members’ contributions under the plan created by this article.
(2)A member who transfers to the retirement plan created by this article shall have refunded, within a reasonable period of time, not to exceed nine months from the date of receipt of election to transfer by the board, the member’s accumulated contributions, together with interest thereon, which are credited to the member’s account. Interest shall be credited to the June 30 or December 31 date, whichever is later, immediately preceding the date of the refund warrant. Any refund under this section shall be payable to the member.
(b)
(1)Except as provided in Sections 31499.13 and 31499.17 and under reciprocal provisions of this article, a me

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California § 31499.12. (31499.12. (Amended by Stats. 2004, Ch. 533, Sec. 16.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2004, Ch. 533, Sec. 16. Effective January 1, 2005.

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