reglab/housing_qa huggingface dataset:
CA Govt Code § 20163 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 4 - Correction of Errors and Omissions|Section 20163.

20163.  (a) If more or less than the correct amount of contribution required of members, the state, or any contracting agency, is paid, proper adjustment shall be made in connection with subsequent payments, or the adjustments may be made by direct cash payments between the member, state, or contracting agency concerned and the board or by adjustment of the employer’s rate of contribution. Adjustments to correct any other errors in payments to or by the board, including adjustments of contributions, with interest, that are found to be erroneous as the result of corrections of dates of birth, may be made in the same manner. Adjustments to correct overpayment of a retirement allowance may also be made by adjusting the allowance so that the retired person or the retired person and his or her beneficiary, as the case may be, will receive the actuarial equivalent of the allowance to which the member is entitled. Losses or gains resulting from error in amounts within the limits set by the Department of General Services for automatic writeoff, and losses or gains in greater amounts specifically approved for writeoff by the Department of General Services, shall be debited or credited, as the case may be, to the reserve against deficiencies in interest earned in other years, losses under investments, and other contingencies.(b) No adjustment shall be made because less than the correct amount of normal contributions was paid by a member if the board finds that the error was not known to the member and was not the result of erroneous information provided by him or her to this system or to his or her employer. The failure to adjust shall not preclude action under Section 20160 correcting the date upon which the person became a member.(c) The actuarial equivalent under this section shall be computed on the basis of the mortality tables and actuarial interest rate in effect under this system on December 1, 1970, for retirements effective through December 31, 1979. Commencing with retirements effective January 1, 1980, and at corresponding 10-year intervals thereafter, or more frequently at the board’s discretion, the board shall change the basis for calculating actuarial equivalents under this article to agree with the interest rate and mortality tables in effect at the commencement of each 10-year or succeeding interval.(Amended by Stats. 2016, Ch. 31, Sec. 148. (SB 836) Effective June 27, 2016.)
CA Govt Code § 20164 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 4 - Correction of Errors and Omissions|Section 20164.

20164.  (a) The obligations of this system to its members continue throughout their respective memberships, and the obligations of this system to and in respect to retired members continue throughout the lives of the respective retired members, and thereafter until all obligations to their respective beneficiaries under optional settlements have been discharged. The obligations of the state and contracting agencies to this system in respect to members employed by them, respectively, continue throughout the memberships of the respective members, and the obligations of the state and contracting agencies to this system in respect to retired members formerly employed by them, respectively, continue until all of the obligations of this system in respect to those retired members, respectively, have been discharged. The obligations of any member to this system continue throughout his or her membership, and thereafter until all of the obligations of this system to or in respect to him or her have been discharged.(b) For the purposes of payments into or out of the retirement fund for adjustment of errors or omissions, whether pursuant to Section 20160, 20163, or 20532, or otherwise, the period of limitation of actions shall be three years, and shall be applied as follows:(1) In cases where this system makes an erroneous payment to a member or beneficiary, this system’s right to collect shall expire three years from the date of payment.(2) In cases where this system owes money to a member or beneficiary, the period of limitations shall not apply.(c) Notwithstanding subdivision (b), in cases where payment is erroneous because of the death of the retired member or beneficiary or because of the remarriage of the beneficiary, the period of limitation shall be 10 years and shall commence with the discovery of the erroneous payment.(d) Notwithstanding subdivision (b), where any payment has been made as a result of fraudulent reports for compensation made, or caused to be made, by a member for his or her own benefit, the period of limitation shall be 10 years and that period shall commence either from the date of payment or upon discovery of the fraudulent reporting, whichever date is later.(e) The board shall determine the applicability of the period of limitations in any case, and its determination with respect to the running of any period of limitation shall be conclusive and binding for purposes of correcting the error or omission.(Amended by Stats. 2009, Ch. 130, Sec. 13. (AB 966) Effective January 1, 2010.)
CA Govt Code § 20170 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20170.

20170.  The Public Employees’ Retirement Fund in the State Treasury is continued in existence.The Public Employees’ Retirement Fund is a trust fund created, and administered in accordance with this part, solely for the benefit of the members and retired members of this system and their survivors and beneficiaries.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20171 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20171.

20171.  The board has the exclusive control of the administration and investment of the retirement fund.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20172 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20172.

20172.  Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as custodian for safekeeping, delivery, securities valuation, investment performance reporting, and other services in connection with investment of the retirement fund. Notwithstanding Section 13340, all moneys in the fund are continuously appropriated, without regard to fiscal years, for payments which shall be made upon warrants drawn by the Controller upon demands made by the board. Upon demand of the board, warrants shall be drawn for the purpose of making payments by electronic fund transfers.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20173 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20173.

20173.  Costs of administration of this system shall be paid from funds appropriated for interest income from the retirement fund.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20174 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20174.

20174.  Interest earned on any cash deposit in a bank by the Treasurer and income on other assets constituting a part of the fund shall be credited to the fund as received. Income, of whatever nature, earned on the retirement fund during any fiscal year, in excess of the interest credited to contributions during that year shall be retained in the fund as a reserve against deficiencies in interest earned in other years, losses under investments, court-mandated costs, and actuarial losses resulting from terminations, mergers, and dissolutions of contracting agencies.Unless specifically authorized by this part, no funds in the reserve against deficiencies shall be available for the payment of benefits. The board, however, may apply to reduce the book value of securities purchased all or part of the excess of the proceeds of the sale or the redemption prior to maturity of securities over the book value of the securities sold (a) if the purchase of securities is made with those proceeds and (b) if the terms of both securities from the date of sale, redemption prior to maturity, or purchase, as the case may be, to the respective dates of maturity do not differ by more than five years. All applications of these excess proceeds, even with greater differences in terms, heretofore made by the board are hereby validated and confirmed.At the end of each fiscal year, the amount in the reserve against deficiencies that exceeds 0.20 percent of the total assets of this system shall be credited to other accounts as prescribed by this part.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20175 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20175.

20175.  Notwithstanding any other provision of law, funds in the reserve against deficiencies shall not be used to pay any employers’ contribution required by this chapter to be paid by the state, any school employer, or any contracting agency.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20176 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20176.

20176.  Notwithstanding any other provision of law, no funds in the retirement fund shall be expended for any purpose other than the cost of administration of this system, investments for the benefit of this system, the reduction of employer contributions, and the provision of benefits to the members and retired members of this system and their survivors and beneficiaries.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20177 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20177.

20177.  The board shall deposit monthly in the State Treasury to the credit of the retirement fund all amounts received by it under this part.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20178 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 5 - The Retirement Fund|Section 20178.

20178.  (a) The board shall credit all contributions of members in the retirement fund with interest at an interest crediting rate of 6 percent compounded at each June 30. The retired member reserves in the retirement fund shall be credited with the lesser of the current actuarial interest rate or the current annual interest rate compounded at each June 30. The interest amount that would have been credited to the member’s account on and after June 30, 1991, had the account been credited with the lesser of the current actuarial interest rate or the current annual interest rate, rather than at the 6-percent interest crediting rate, shall be credited to retired member reserves.(b) Notwithstanding subdivision (a), the difference between the interest amount that was credited to the account of any state or school member of this system who was paid his or her accumulated contributions on or after June 30, 1991, and the lesser of the current actuarial interest rate or the current annual interest rate, shall be transferred to the state or school account, as appropriate, established by the board under Section 21337 to fund the purchasing power protection allowance for retirees, survivors, or beneficiaries of state or school employers.(c) Notwithstanding subdivisions (a) and (b), if the current net earnings rate for state or school members exceeds the interest rate used to credit the retired member accounts of state or school employers, in addition to the amounts transferred to the separate accounts established for state and school employers under Section 21337, the remaining amounts shall be credited to employer accounts.(d) The current annual interest rate may be lower than the current actuarial interest rate.(Amended by Stats. 2000, Ch. 483, Sec. 1. Effective September 19, 2000. Applicable from July 1, 2000, by Sec. 4 of Ch. 483.)
CA Govt Code § 20190 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20190.

20190.  The board has exclusive control of the investment of the retirement fund. Except as otherwise restricted by the California Constitution and by law, the board may, in its discretion, invest the assets of the fund through the purchase, holding, or sale thereof of any investment, financial instrument, or financial transaction when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20191 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20191.

20191.  The board may itself make any investment authorized by law or sell any security, obligation, or real property in which moneys in the retirement fund are invested, by affirmative vote of at least seven members of the board, or by the same affirmative vote may from time to time adopt an investment resolution that shall contain detailed guidelines by which to designate those securities and real property that are acceptable for purchase. While the resolution is in effect, securities and real property may be purchased for investment by an officer or employee of the board designated by it for that purpose, and sales of securities may be consummated by the officer or employee under the conditions prescribed. Purchases and sales of securities shall be reported to the board, on a monthly basis, at its next regular meeting.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20191.5 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20191.5.

20191.5.  (a) All investment transaction decisions made during a closed session pursuant to paragraph (16) of subdivision (c) of Section 11126 shall be by rollcall vote entered into the minutes of that meeting.(b) The board, within 12 months of the close of an investment transaction or the transfer of system assets for an investment transaction, whichever occurs first, shall disclose and report the investment at a public meeting.(Added by Stats. 1998, Ch. 923, Sec. 7. Effective January 1, 1999.)
CA Govt Code § 20192 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20192.

20192.  In addition to the other investments authorized by this article, the board may invest in real estate and leases thereof and improvements thereon for business or residential purposes as an investment for the production of income.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20193 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20193.

20193.  The board may invest the money in the retirement fund in real property or improvements thereon or to be constructed thereon when the real property or improvements are acquired or to be made by or for sale or lease to the state or a public agency. The board may acquire the real property under Part 11 (commencing with Section 15850) of Division 3. Title to real property acquired by or on behalf of the board pursuant to this section or under Part 11 (commencing with Section 15850) of Division 3 shall be vested in the board. The Director of General Services on behalf of the state may hire or lease as lessee real property or improvements acquired pursuant to this section for lease to the state. The lease may contain an option or options to purchase the property, or a provision that title to the property shall vest in the state at the expiration of the term, and the Director of General Services is authorized to acquire the property. The board also may invest money in any valid special obligations of the state or a public agency or an agency of either issued to finance a public building and secured solely by the building or revenues, rentals or receipts received from operation of the building. This section shall not be construed as authorization to acquire any real property or improvements thereon or to issue any obligation to finance the acquisition on behalf of the state unless that acquisition is authorized by a separate act or appropriation enacted by the Legislature.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20194.5 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20194.5.

20194.5.  In addition to the other investments authorized by this article, the board may invest in Property Assessed Clean Energy (PACE) bonds, as defined in Section 26054 of the Public Resources Code.(Amended by Stats. 2019, Ch. 396, Sec. 9. (AB 1513) Effective January 1, 2020.)
CA Govt Code § 20195 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20195.

20195.  (a) The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved, and may construct or remodel, and equip, an office building, including appropriate satellite structures, in the County of Sacramento, California, for its use and for the use of other state retirement systems excepting the State Teachers’ Retirement System, other departments, boards, and agencies of the state, or appropriate private commercial entities as space may be available from time to time. The office building and satellite structures shall conform to the Capital Master Plan if located within an area subject to the plan.(b) The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved, and may construct or remodel, and equip, business recovery centers in California for use by the system as an alternate facility, emergency operations center, or data center that the board determines is appropriate for disaster preparedness. (c) If the board acquires bare land, improvements shall be constructed according to plans approved by the State Public Works Board and Department of General Services.(d) If the board acquires land with improvements thereon, the improvements shall be remodeled or completed in accordance with plans approved by the State Public Works Board and Department of General Services.(e) If condemnation of the property selected is necessary, the board may elect to deposit the funds deemed necessary with the Treasurer. The funds are appropriated for purchase of the selected property subject to the Property Acquisition Law.(f) Work on all projects shall be done under contract awarded to the lowest responsible bidder pursuant to bidding procedures set forth in Part 2 (commencing with Section 10100) of Division 2 of the Public Contract Code.(Amended by Stats. 2009, Ch. 130, Sec. 14. (AB 966) Effective January 1, 2010.)
CA Govt Code § 20196 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20196.

20196.  The board may contract with the Department of General Services or any other state department for assistance and supervision in the acquisition of real property and the construction thereon of buildings and improvements authorized in this article.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
CA Govt Code § 20197 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20197.

20197.  All buildings and improvements constructed by the board under this article may contain space in excess of the immediate requirements of the board that, until needed, may be leased by the board upon those terms and conditions as may be approved by the board.The board may contract with the Department of General Services to handle the rentals of any excess space over and above that required by the board and to furnish general supervision and maintenance of buildings and improvements constructed under the provisions of this article.(Amended by Stats. 2010, Ch. 639, Sec. 1. (SB 1139) Effective January 1, 2011.)
CA Govt Code § 20198 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 5 - PERSONNEL|PART 3 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM|CHAPTER 2 - Administration of System|ARTICLE 6 - Investments|Section 20198.

20198.  Any building or improvement constructed by the board under this article shall be subject to the supervision of the board in accordance with rules and regulations established by the board with the assistance of the Department of General Services.(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)