reglab/housing_qa huggingface dataset:
CA Educ Code § 22311.9 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22311.9.

22311.9.  (a) The board shall report to the Legislature on or before July 1, 2019, and every five years thereafter, on the fiscal health of the Defined Benefit Program and the unfunded actuarial obligation with respect to service credited to members of that program before July 1, 2014. The first report shall include the unfunded actuarial obligation and funded ratio as of the date of enactment of this section and compare that with the unfunded actuarial obligation and funded ratio as of June 30, 2018, and the projected unfunded actuarial obligation and funded ratio as of June 30, 2046, based on contributions, and economic and demographic assumptions identified in the June 30, 2018, actuarial valuation. The report shall also identify adjustments required in contribution rates in order to eliminate by June 30, 2046, the unfunded actuarial obligation of the Defined Benefit Program with respect to service credited to members of that program before July 1, 2014. Subsequent reports shall include the unfunded actuarial obligation and the funded ratio of the Defined Benefit Program based on the actuarial valuation of the preceding year, and shall identify adjustments required in contribution rates in order to eliminate by June 30, 2046, the unfunded actuarial obligation of the Defined Benefit Program with respect to service credited to members of that program before July 1, 2014. These reports shall be provided consistent with the requirements of Section 9795 of the Government Code.(b) This section shall become inoperative on July 1, 2046, and as of January 1, 2047, is repealed.(Added by Stats. 2014, Ch. 47, Sec. 4. (AB 1469) Effective June 24, 2014. Section inoperative July 1, 2046. Repealed as of January 1, 2047, by its own provisions. Adding action may become inoperative under conditions prescribed by Stats. 2014, Ch. 47, Sec. 13, subd. (b).)
CA Educ Code § 22313 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22313.

22313.  (a) No adjustment shall be included in new rates of contribution adopted by the board on the basis of an investigation, valuation, and determination or because of amendment to the Teachers’ Retirement Law with respect to the Defined Benefit Program, for time prior to the effective date of the adoption or amendment, as the case may be.(b) No action of the board, other than correction of errors in calculating the allowance or annuity at the time of retirement, disability or death of a member shall change the allowance or annuity payable to a retired member or beneficiary prior to the date the action is taken.(Amended by Stats. 1998, Ch. 965, Sec. 36. Effective January 1, 1999.)
CA Educ Code § 22314 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22314.

22314.  The system shall inform a member, upon retirement, that future tax liabilities may occur as the result of the pending retirement allowance.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22317.5 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22317.5.

22317.5.  The amount of compensation that is taken into account in computing benefits payable under this part to any person who first becomes a member of the Defined Benefit Program on or after July 1, 1996, shall not exceed the annual compensation limitations prescribed by Section 401(a)(17) of Title 26 of the United States Code upon public retirement systems, as that section may be amended from time to time and as that limit may be adjusted by the Commissioner of Internal Revenue for increases in cost of living. The determination of compensation for each 12-month period shall be subject to the annual compensation limit in effect for the calendar year in which the 12-month period begins. In a determination of average annual compensation over more than one 12-month period, the amount of compensation taken into account for each 12-month period, shall be subject to the annual compensation limit applicable to that period.Notwithstanding any other provision of this part, no member contribution shall be paid upon any compensation in excess of the annual compensation limitations prescribed by Section 401(a)(17) of Title 26 of the United States Code.(Amended by Stats. 1998, Ch. 965, Sec. 40. Effective January 1, 1999.)
CA Educ Code § 22318 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22318.

22318.  (a) The initial payment to a disabled member or member retired for disability shall be paid within 45 days following the date the disability is approved, the effective date of the disability retirement or disability allowance, or receipt of all necessary information, whichever occurs last. Monthly payments shall continue thereafter. Initial payments may be based on a good faith estimated amount pending receipt by the system of all necessary employment, dependent, and other public benefit information.(b) The allowance payable to a disabled member or member retired for disability shall be finalized and a retroactive payment, if one is due, shall be issued within 45 days of receipt by the system of all necessary information.(Amended by Stats. 1996, Ch. 634, Sec. 79. Effective January 1, 1997.)
CA Educ Code § 22319 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22319.

22319.  (a) The initial payment to a member retired for service shall be issued within 45 days of either the effective date of retirement or receipt by the system of a completed application for retirement, whichever is later. The initial payment to an option beneficiary shall be issued within 45 days following receipt by the system of a completed application for death benefits and proof of death of the member. Monthly payments shall continue thereafter. Payments may be based on a good faith estimate pending receipt by the system of all necessary employment information.(b) The allowance payable to a member retired for service or option beneficiary shall be finalized and a retroactive payment, if one is due, shall be issued within 45 days of receipt by the system of all necessary information.(Amended by Stats. 1996, Ch. 634, Sec. 80. Effective January 1, 1997.)
CA Educ Code § 22320 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22320.

22320.  The death benefits provided pursuant to Chapter 22 (commencing with Section 23800), Chapter 23 (commencing with Section 23850), and Chapter 24 (commencing with Section 23880) shall be paid to the beneficiary or estate within 45 days of receipt by the system of all necessary information.(Repealed and added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22321 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22321.

22321.  The system shall pay interest for delays in excess of the allowable days specified in Sections 22318 to 22320, inclusive. The interest rate for late payments shall be the regular interest rate. Interest payments shall be deemed to be interest earned in the calendar year in which paid. All interest payments under this section shall be paid in addition to any credited interest that is paid.(Amended by Stats. 1996, Ch. 634, first Sec. 81. Effective January 1, 1997.)
CA Educ Code § 22322 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22322.

22322.  The system shall report monthly to the board on all late payments.(Amended by Stats. 1996, Ch. 634, second Sec. 81 [Sec. 81.5]. Effective January 1, 1997.)
CA Educ Code § 22323 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22323.

22323.  The system shall report monthly to the board concerning outstanding death benefits payable that have not been paid within six months of the notification of the death of the member.(Amended by Stats. 1996, Ch. 634, Sec. 82. Effective January 1, 1997.)
CA Educ Code § 22324 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22324.

22324.  The board shall file an annual report with the Governor and the Legislature by March 1 of each year on all phases of its work that could affect the need for public contributions for costs of administration of the system, including the subjects of benefits, programs, practices, procedures, comments on trends and developments in the field of retirement, and the following information on the assets of the plan:(a) A copy of the annual audit performed pursuant to Section 22217.(b) A certification letter from the system’s consulting actuary concerning the findings of the most recent actuarial valuation, accompanied by analysis of funding progress and summaries of the actuarial cost method, assumptions, and demographic data, including actual payroll subject to the system.(c) A review of the system’s asset mix strategy, a market review or the economic and financial environment in which investments were made, and a summary of the system’s general investment strategy.(d) A description of the investments of the system at cost and market value, and a summary of major changes that occurred since the previous year.(e) The annual return on investments and the following information regarding the rate of return of the system by asset type:(1) Time-weighted market value rate of return on a five-year, three-year, and one-year basis.(2) Time-weighted book value rate of return on a five-year, three-year, and one-year basis.(3) Portfolio return comparisons that compare investment returns with universes and indexes.(f) A report on the use of outside investment advisers and managers.(g) A report on the nature and cost of investment contract services used, including either the start date of an existing contract or, if there are multiple existing contracts with the same contractor or vendor, the earliest start date.(h) A report on shareholder voting.(i) A report for the prior fiscal year on the following information:(1) The percentage of purchasing power protection and any changes adopted by the board.(2) The extent to which inflation has eroded the purchasing power of benefits provided under the Defined Benefit Program.(3) The amount of supplementary increases in retirement allowances required to preserve the purchasing power of benefits provided by the Defined Benefit Program.(Amended by Stats. 2012, Ch. 864, Sec. 4. (AB 2663) Effective January 1, 2013.)
CA Educ Code § 22327 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22327.

22327.  Notwithstanding any other provision of law, the Employment Development Department shall disclose to the system information in its possession relating to the earnings of any person who is a member of the Defined Benefit Program, if the member is receiving a disability benefit or performing retired member activities. The earnings information shall be released to the system only upon written request from the system specifying that the person is a member of the Defined Benefit Program and is receiving a disability benefit or performing retired member activities. The system shall use the information obtained pursuant to this section only for purposes of Chapter 25 (commencing with Section 24001), Chapter 26 (commencing with the Section 24100), Section 24214, or Section 24214.5. The request may be made by the chief executive officer of the system or by an employee of the system so authorized and identified by name and title by the chief executive officer in writing. The system shall notify members receiving a disability benefit or performing retired member activities that earnings information shall be obtained from the Employment Development Department upon request by the system. The system shall not release any earnings information received from the Employment Development Department to any person, agency, or other entity. The system shall reimburse the Employment Development Department for all reasonable administrative expenses incurred pursuant to this section.(Amended by Stats. 2013, Ch. 559, Sec. 12. (AB 1381) Effective January 1, 2014.)
CA Educ Code § 22328 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22328.

22328.  (a) Upon termination of a retirement allowance or disability allowance that began to accrue on or after July 1, 1972, the person’s individual account shall be credited with the amount of his or her accumulated retirement contributions as they were on the effective date of retirement or disability, less the sum of all payments made under paragraph (1) of subdivision (a) of Section 24202, and under Sections 24006 and 24007. The reduction shall not be greater than the total of the accumulated retirement contributions.(b) Upon the termination of a retirement allowance, the person’s accumulated annuity deposit contribution accounts shall be credited with the amounts of the contributions as they were on the date the annuity became payable because of the retirement less the sum of all payments made under paragraph (2) of subdivision (a) of Section 24202.(Amended by Stats. 1996, Ch. 634, Sec. 85. Effective January 1, 1997.)
CA Educ Code § 22329 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22329.

22329.  In order to provide equitable telephone assistance to all members and beneficiaries, regardless of their location in California, the system shall install a toll-free, “800” prefix, line.(Amended by Stats. 1996, Ch. 634, Sec. 86. Effective January 1, 1997.)
CA Educ Code § 22330 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22330.

22330.  (a) The board shall provide the Legislature with an analysis of the asset and liability implications of each bill that would affect the investment strategy of the system, the funding of the plan, or the benefit structure of the plan. The analysis shall include an explanation of the methodology employed and the assumptions used in its preparation. Neither fiscal committee of the Legislature shall hear any such bill until the analysis has been provided to the committee.(b) There is hereby continuously appropriated, without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from subdivision (a), but not to exceed fifty thousand dollars ($50,000) in any one fiscal year.(Amended by Stats. 1996, Ch. 634, Sec. 87. Effective January 1, 1997.)
CA Educ Code § 22337 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 5 - Administration|Section 22337.

22337.  (a) The requirements and procedures described in this section shall apply, to the extent that they are applicable, to the following sections:(1) Section 22309.(2) Section 22661.(3) Section 22662.(4) Section 22663.(5) Section 22801.(6) Section 23104.(7) Section 23203.(8) Section 24615.(9) Section 26214.(b) A communication or other action described in a section listed in subdivision (a) may be made by electronic delivery pursuant to the requirements of this section. The system may designate electronic delivery the default method of communication or other action with regard to these sections, provided that the system notifies the parties affected that they have the right to request delivery by mail and that, unless the affected party elects, in a manner specified by the system, to continue delivery by mail, delivery shall be provided electronically.(c) Prior to the designation described in subdivision (b), mail shall continue to be the default method of communication unless the member, nonmember spouse, participant, nonparticipant spouse, or beneficiary has requested that he or she receive that communication electronically, pursuant to a procedure specified by the system.(d) If a provision in a section listed in subdivision (a) requires that action be taken within a specified number of days of a mailing date, and electronic delivery has been substituted for delivery by mail, date of electronic delivery shall substitute for date of mailing for purposes of measuring the number of days within which an action is to be taken.(Added by Stats. 2013, Ch. 459, Sec. 2. (AB 989) Effective January 1, 2014.)
CA Educ Code § 22350 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22350.

22350.  The Legislature finds and declares that changing economic conditions and increasing complexity in the investment market make it necessary and desirable that the system obtain the best possible investment expertise.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22351 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22351.

22351.  It is the intent of the Legislature that the board secure investment advisors with the composite expertise necessary for the investment of the retirement fund portfolio.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22352 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22352.

22352.  Upon a finding by the board that necessary investment expertise is not available within existing civil service classifications, and with the approval of the State Personnel Board, the board may, pursuant to policy adopted by the board, establish competitive bidding processes, and specify the contract terms and conditions it solely deems necessary and prudent to contract with qualified investment managers and investment advisers, as defined in Section 22143, having demonstrated expertise in managing, or advising the management of, large and diverse investment portfolios to render service in connection with the investment program of the board.(Amended by Stats. 2021, Ch. 619, Sec. 1. (AB 539) Effective January 1, 2022.)
CA Educ Code § 22353 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22353.

22353.  (a) Notwithstanding any other provision of law, the board shall by contract retain not less than two separate individual investment advisers.(b) Notwithstanding Section 13340 of the Government Code, there is hereby continuously appropriated without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from this section.(c) No costs arising from this section shall be paid from the General Fund.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22354 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22354.

22354.  (a) The board shall, pursuant to the state civil service statutes, either contract with, or establish and fill full-time positions for, investment managers who are experienced and knowledgeable in corporate management issues to monitor each corporation any of whose shares are owned by the plan and to advise the board on the voting of the shares owned by the plan and on the responses of the system to merger proposals and tender offers and all other matters pertaining to corporate governance.(b) Notwithstanding Section 13340 of the Government Code, there is hereby continuously appropriated, without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from this section.(Amended by Stats. 1998, Ch. 965, Sec. 42. Effective January 1, 1999.)
CA Educ Code § 22355 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22355.

22355.  In no event shall the board employ through interagency agreement any investment personnel who would also serve during the term of the agreement as investment staff to the Board of Administration of the Public Employees’ Retirement System.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22356 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22356.

22356.  The board may apply to reduce the book value of securities purchased, all or part of the excess of the proceeds of the sale or redemption prior to maturity of securities over the book value of the securities sold or redeemed provided the purchase of securities is made with those proceeds and provided that the terms of both securities from the date of sale, redemption, or purchase, as the case may be, to the respective dates of maturity, do not differ by more than five years. All applications of excess of sales or redemption proceeds, even with greater difference in terms, made by the board before October 1, 1949, are hereby validated and confirmed.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)
CA Educ Code § 22359 (2021)
2021 California Code|Education Code - EDC|TITLE 1 - GENERAL EDUCATION CODE PROVISIONS|DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS|PART 13 - STATE TEACHERS' RETIREMENT SYSTEM|CHAPTER 6 - Investments|Section 22359.

22359.  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.(Added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)