California Government Code

§ 21677

GOV § 21677 Effective Jan 1, 2011Div. 5 · Title 2 · Part 3 · Ch. 16

Statute text

The Public Employees’ Deferred Compensation Fund shall consist of the following sources and receipts, for which disbursements shall be accounted for as set forth below:

(a)Fees determined by the board and paid by employers and plan participants for the cost of administering the tax-preferred retirement savings programs.

(b)Asset management fees as determined by the board assessed against investment earnings of investment options or other investment funds provided by the board to either the state or other public employers. Asset management fees shall be disclosed to participants.

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Legislative history

Amended by Stats. 2010, Ch. 639, Sec. 14. (SB 1139) Effective January 1, 2011.