Statute · California Government Code

Cal. Gov't Code § 7522.46 — California Public Employees’ Pension Reform Act of 2013

Cal. Gov't Code § 7522.46

Type
Statute
Source
California Government Code
Jurisdiction
California
Date
2013-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

(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)).

Citator

Cal. Gov't Code § 7522.46 — California Public Employees’ Pension Reform Act of 2013 is in force in the current edition of the Code, and nothing recorded condemns it.

(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.