California § 7522.46. 7522.46. (Added by Stats. 2012, Ch. 296, Sec. 15.)

California Statutes

§ 7522.46. — 7522.46. (Added by Stats. 2012, Ch. 296, Sec. 15.)

California·Code GOV Government Code - GOV·Div. 7.·Title 1. DIVISION 7. MISCELLANEOUS·Ch. 21. CHAPTER 21. Public Pension and Retirement Plans·Art. 4. ARTICLE 4. California Public Employees’ Pension Reform Act of 2013

(a)A public retirement system shall not allow the purchase of nonqualified service credit, as defined by Section 415(n)(3)(C) of the Internal Revenue Code of 1986 (26 U.S.C. Sec. 415(n)(3)(C)).

(b)Subdivision (a) shall not apply to an official application to purchase nonqualified service credit that is received by the public retirement system prior to January 1, 2013, that is subsequently approved by the system.

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(a)
A public retirement system shall not allow the purchase of nonqualified service credit, as defined by Section 415(n)(3)(C) of the Internal Revenue Code of 1986 (26 U.S.C. Sec. 415(n)(3)(C)).
(b)
Subdivision (a) shall not apply to an official application to purchase nonqualified service credit that is received by the public retirement system prior to January 1, 2013, that is subsequently approved by the system.

California § 7522.46. (7522.46. (Added by Stats. 2012, Ch. 296, Sec. 15.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.