California § 7500.5. 7500.5. (Added by Stats. 2012, Ch. 853, Sec. 1.)

California Statutes

§ 7500.5. — 7500.5. (Added by Stats. 2012, Ch. 853, Sec. 1.)

California·Code GOV Government Code - GOV·Div. 7.·Title 1. DIVISION 7. MISCELLANEOUS·Ch. 21. CHAPTER 21. Public Pension and Retirement Plans·Art. 1. ARTICLE 1. General Provisions

(a)This section shall only apply to the City of San Diego.

(b)For the purposes of this section, the following definitions shall apply:

(1)“Federal system” means the old age, survivors, disability, and health insurance provisions of the federal Social Security Act (42 U.S.C. Sec. 301 et seq.).

(2)“Local public employer” means the City of San Diego.

(c)A local public employer shall provide coverage under the federal system to all employees who are not covered under a defined benefit plan.

(d)The requirements of this section shall not apply with regard to replacing or changing an employer’s defined contribution plan that was in place on July 1, 2012, unless the defined contribution plan will replace or change the employer’s existing defined benefit plan.

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(a)
This section shall only apply to the City of San Diego.
(b)
For the purposes of this section, the following definitions shall apply:
(1)
“Federal system” means the old age, survivors, disability, and health insurance provisions of the federal Social Security Act (42 U.S.C. Sec. 301 et seq.).
(2)
“Local public employer” means the City of San Diego.
(c)
A local public employer shall provide coverage under the federal system to all employees who are not covered under a
defined benefit plan.
(d)
The requirements of this section shall not apply with regard to replacing or changing an employer’s defined contribution plan that was in place on July 1, 2012, unless the defined contribution plan will replace or change the employer’s existing defined benefit plan.

California § 7500.5. (7500.5. (Added by Stats. 2012, Ch. 853, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.