California Government Code

§ 20098

GOV § 20098 Effective Jan 1, 2019Div. 5 · Title 2 · Part 3 · Ch. 2 · Art. 1

Statute text

(a)The board shall appoint and, notwithstanding Sections 19825, 19826, 19829, and 19832, shall fix the compensation of an executive officer, a general counsel, a chief actuary, a chief investment officer, a chief financial officer, a chief operating officer, a chief health director, and other investment officers and portfolio managers whose positions are designated managerial pursuant to Section 18801.1.

(b)The executive officer, deputy executive officers, and the assistant executive officers may administer oaths.

(c)When fixing the compensation for the positions specified in subdivision (a), the board shall be guided by the principles contained in Sections 19826 and 19829, consistent with its fiduciary responsibility to its members to recruit and retain highly qualified and effective employees for these positions.

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Legislative history

Amended by Stats. 2018, Ch. 916, Sec. 1. (AB 2415) Effective January 1, 2019.