California § 31699.3. 31699.3. (Added by Stats. 2009, Ch. 326, Sec. 1.)

California Statutes

§ 31699.3. — 31699.3. (Added by Stats. 2009, Ch. 326, Sec. 1.)

California § 31699.3.

JurisdictionCalifornia

Code GOVGovernment 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. 8.10.ARTICLE 8.10. Post-Employment Health Benefits: San Bernardino County Alternative Fund

This text of California § 31699.3. (31699.3. (Added by Stats. 2009, Ch. 326, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 31699.3. (2026).

Text

The purpose of this article is to allow the retirement system board to establish a postemployment health benefits fund for public agencies that would enable the agencies to do all of the following:

(a)Combine for investment the assets that the agencies set aside to provide for retiree health benefits.

(b)Take advantage of economies of scale.

(c)Use existing investment expertise to reduce the cost of funding for retiree health benefits and increase the security of public retirees and their dependents in those benefits.

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The purpose of this article is to allow the retirement system board to establish a postemployment health benefits fund for public agencies that would enable the agencies to do all of the following:
(a)
Combine for investment the assets that the agencies set aside to provide for retiree health benefits.
(b)
Take advantage of economies of scale.
(c)
Use existing investment expertise to reduce the cost of funding for retiree health benefits and increase the security of public retirees and their dependents in those benefits.