reglab/housing_qa huggingface dataset:
CA Govt Code § 7513.97 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.97.

7513.97.  As used in Section 11 of Article VII of the Constitution, the following terms have the following meanings:(a) “Actuarial equivalent” means a benefit of equal value when computed upon the basis of the mortality tables adopted and the actuarial interest rate fixed by the Board of Administration of the Public Employees’ Retirement System.(b) “Beneficiary” means any person or corporation designated by a member, a retired member, or statute, or the estate of a member or retired member designated by the member or retired member, to receive a benefit under the retirement system, on account of the death of the member or retired member.(c) “Salary” means the actual wages paid but shall not include any other benefits, such as, but not limited to, health and dental benefits, retirement benefits, vacation pay, and per diem.(d) “Unmodified pension or retirement allowance” means the maximum pension or retirement allowance receivable, prior to any selection of an optional settlement and includes any cost-of-living adjustment and any other increase granted subsequent to retirement.(Added by renumbering Section 7514 (as added by Stats. 1984, Ch. 220) by Stats. 2011, Ch. 296, Sec. 117. (AB 1023) Effective January 1, 2012.)
CA Govt Code § 7514 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7514.

7514.  (a) Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or local public retirement system may invest, subject to and consistent with the standard for prudent investment set forth in Section 17 of Article XVI of the California Constitution, its assets in the bonds or other evidences of indebtedness unconditionally guaranteed by any foreign government that has met the payments of similar bonds or other evidences of indebtedness when due.(b) A portion of the assets invested pursuant to this section may be used to purchase rated or unrated bonds, notes, or other instruments unconditionally guaranteed by Canada, Israel, Mexico, or South Africa.(Amended by Stats. 1994, Ch. 46, Sec. 1. Effective January 1, 1995.)
CA Govt Code § 7514.1 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7514.1.

7514.1.  Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or local public retirement system may invest, subject to and consistent with the standard for prudent investment set forth in Section 17 of Article XVI of the California Constitution, and the state and any political subdivision of the state may, invest its assets in rated bonds, notes, or other obligations issued, assumed, or unconditionally guaranteed by the African Development Bank, the Asian Development Bank, the Caribbean Development Bank, the Inter-American Development Bank, the International Finance Corporation, the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development, and any other international financial institution that has met the payments of similar bonds, notes, or other obligations when due and in which the United States is a member.(Amended by Stats. 1995, Ch. 91, Sec. 45. Effective January 1, 1996.)
CA Govt Code § 7514.2 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7514.2.

7514.2.  (a) As used in this section, the following definitions shall apply:(1) “Board” means the Board of Administration of the Public Employees’ Retirement System, the Teachers’ Retirement Board, or the board of retirement or board of investments of a retirement system established pursuant to the County Employees Retirement Law of 1937 (Chapter 3 (commencing with Section 31450) of Part 3 of Division 4 of Title 3).(2) “Infrastructure” includes, but is not limited to, telecommunications, power, transportation, ports, petrochemical, and utilities.(b) A board may, subject to and consistent with its fiduciary duties and the standard for prudent investment set forth in Section 20190 of this code, Section 22203 of the Education Code, and Section 17 of Article XVI of the California Constitution, prioritize investment in an in-state infrastructure project over a comparable out-of-state project.(c) The Legislature encourages each board to prioritize investment in in-state infrastructure projects over alternative out-of-state infrastructure projects if the investments in the in-state projects are consistent with the board’s fiduciary duties to minimize the risk of loss and to maximize the rate of return.(d) Nothing in this section shall require a board to take action that is inconsistent with its plenary authority and fiduciary responsibilities, as described in Section 17 of Article XVI of the California Constitution.(Amended by Stats. 2013, Ch. 766, Sec. 1. (AB 205) Effective January 1, 2014.)
CA Govt Code § 7514.3 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7514.3.

7514.3.  Notwithstanding any other provision of law, state pension systems may, subject to and consistent with their fiduciary duties and the standard for prudent investment set forth in Section 20190 of this code and Section 17 of Article XVI of the California Constitution, establish credit enhancement programs to assist entities of state and local government and other issuers of municipal and public finance debt to secure more favorable financing terms through a variety of types of credit enhancement including, but not limited to, enhancement of the credit of bonds, notes, and other indebtedness. Any credit enhancement program shall comply with the requirements of Section 503 of the Internal Revenue Code.(Added by Stats. 2004, Ch. 266, Sec. 1. Effective August 23, 2004.)
CA Govt Code § 7514.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7514.5.

7514.5.  Notwithstanding any other provision of law, whenever the rights of a member of the Public Employees’ Retirement System, the State Teachers’ Retirement System, or a retirement system established under the County Employees Retirement Law of 1937, because of membership in another retirement system, are conditional upon employment within a specified period of time after termination of service in another retirement system, that specified period shall be the period of service in full-time elective office on and after November 6, 1990, if the member was a full-time elective officer on or after that date and becomes a member of any of those retirement systems within 120 days after termination of the full-time elective office.(Added by Stats. 1998, Ch. 1074, Sec. 1. Effective September 30, 1998.)
CA Govt Code § 7515 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 2 - Joint Retirement System Investment Information Sharing|Section 7515.

7515.  It is the intent of this chapter to authorize and encourage the Public Employees’ Retirement System and the State Teachers’ Retirement System to regularly cooperate and share information that may assist both systems in developing and implementing appropriate investment strategies, with the advice of investment experts selected by the systems who are willing to share their knowledge and expertise.(Repealed and added by Stats. 2000, Ch. 320, Sec. 3. Effective January 1, 2001.)
CA Govt Code § 7516 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 2 - Joint Retirement System Investment Information Sharing|Section 7516.

7516.  Notwithstanding any other provision of law, confidential information or documents relating to investments in the possession of the Public Employees’ Retirement System or the State Teachers’ Retirement System shall not lose their confidential status due to the fact that the information or documents are shared with the other system or with investment advisors selected by the systems to advise on asset allocation, active verses passive management, or other investment issues of mutual interest and concern. Nothing in this chapter shall be construed to authorize the release or sharing of documents or information in violation of federal law or the terms of a contract.(Added by Stats. 2000, Ch. 320, Sec. 3. Effective January 1, 2001.)
CA Govt Code § 7520 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 3 - Deposits of Public Pension and Retirement Funds|Section 7520.

7520.  (a) Notwithstanding any other provision of law, any public pension fund or retirement system of this state or local agency of this state may contract with a savings and loan association doing business in this state under terms by which the association shall receive deposits of money from the fund or system for a term of 12 months or longer upon the association’s agreement to offer loans for the construction of new residential structures and related improvements, including apartment buildings or other multiple-unit structures, in an amount equal to the amount of the deposit, at a rate of interest equal to the rate of interest on the deposit plus 200 basis points. The savings and loan association may require additionally an origination fee not exceeding the amount required by the savings and loan association for comparable loans not subject to this section, but in no case exceeding 5 percent of the loan amount. This fee shall not be deemed to include any expenses of the association directly related to approving, processing, or recording loans made pursuant to this section. Reasonable charges to cover those expenses may be imposed in connection with the loans.(b) Nothing in this section shall authorize a pension fund or retirement system to make deposits at less than the otherwise applicable rate of interest nor prohibit the fund or system from depositing funds with other financial institutions or under other conditions.(Amended by Stats. 2006, Ch. 538, Sec. 237. Effective January 1, 2007.)
CA Govt Code § 7522 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.

7522.  This article shall be known as the California Public Employees’ Pension Reform Act of 2013.(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)
CA Govt Code § 7522.05 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.05.

7522.05.  (a) A joint powers authority formed on or after January 1, 2013, and formed pursuant to the provisions of the Joint Exercise of Powers Act (Article 1 (commencing with Section 6500) of Chapter 5), where at least one member agency provided benefits on or before December 31, 2012, as described in subdivision (c) of Section 7522.02, may provide employees of that joint powers authority the defined benefit plan or formula that those employees received from their respective employers prior to the exercise of a common power where that employee was not a new member with that employer and subsequently is employed by the joint powers authority within 180 days of the member agency providing for the exercise of a common power.(b) The formation of a joint powers authority on or after January 1, 2013, shall not act in a manner as to exempt a new employee or a new member, as defined by Section 7522.04, hired by that joint powers authority from the requirements of the Public Employees’ Pension Reform Act of 2013. New members may only participate in a defined benefit plan or formula that conforms to the requirements of the Public Employees’ Pension Reform Act of 2013.(Added by Stats. 2016, Ch. 729, Sec. 1. (SB 1203) Effective January 1, 2017.)
CA Govt Code § 7522.15 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.15.

7522.15.  Except as provided in subdivisions (d) and (e) of Section 7522.02, each public employer and each public retirement system that offers a defined benefit plan shall offer only the defined benefit formulas established pursuant to Sections 7522.20 and 7522.25 to new members.(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)
CA Govt Code § 7522.18 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.18.

7522.18.  (a) A public employer that does not offer a supplemental defined benefit plan before January 1, 2013, shall not offer a supplemental defined benefit plan for any employee on or after January 1, 2013.(b) A public employer that provides a supplemental defined benefit plan, including a defined benefit plan offered by a private provider, before January 1, 2013, shall not offer a supplemental defined benefit plan to any additional employee group to which the plan was not provided before January 1, 2013.(c) Except as provided in Chapter 38 (commencing with Section 25000) of Article 1 of Part 13 of Title 1 of the Education Code, a public employer shall not offer or provide a supplemental defined benefit plan, including a defined benefit plan offered by a private provider, to any employee hired on or after January 1, 2013.(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)
CA Govt Code § 7522.32 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.32.

7522.32.  For the purposes of determining a retirement benefit to be paid to a new member of a public retirement system, the following shall apply:(a) Final compensation shall mean the highest average annual pensionable compensation earned by the member during a period of at least 36 consecutive months, or at least three consecutive school years if applicable, immediately preceding his or her retirement or last separation from service if earlier, or during any other period of at least 36 consecutive months, or at least three consecutive school years if applicable, during the member’s applicable service that the member designates on the application for retirement.(b) On or after January 1, 2013, an employer shall not modify a benefit plan to permit a calculation of final compensation on a basis of less than the average annual compensation earned by the member during a consecutive 36-month period, or three school years if applicable, for members who have been subject to at least a 36-month or three-school-year calculation prior to that date.(Amended by Stats. 2013, Ch. 528, Sec. 7. (SB 13) Effective October 4, 2013.)
CA Govt Code § 7522.40 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.40.

7522.40.  (a) A public employer shall not provide to a public employee who is elected or appointed, a trustee, excluded from collective bargaining, exempt from civil service, or a manager any vesting schedule for the employer contribution payable for postretirement health benefits that is more advantageous than that provided generally to other public employees, including represented employees, of the same public employer who are in related retirement membership classifications.(b) This section shall not require an employer to change the vesting schedule for the employer contribution payable for postretirement health benefits of any public employee who was subject to a specific vesting schedule pursuant to statute, collective bargaining agreement, or resolution for these employer contributions prior to January 1, 2013, or who had a contractual agreement with an employer prior to January 1, 2013, for a specific vesting schedule for these employer contributions.(Amended by Stats. 2013, Ch. 528, Sec. 9. (SB 13) Effective October 4, 2013.)
CA Govt Code § 7522.42 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.42.

7522.42.  (a) In addition to any other benefit limitation prescribed by law, for the purposes of determining a public retirement benefit paid to a new member of a public retirement system, the maximum salary, compensation, or payrate taken into account under the plan for any year shall not exceed the amount permitted to be taken into account under Section 401(a)(17) of Title 26 of the United States Code or its successor.(b) A public employer shall not seek an exception to the prohibition in subdivision (a) on or after January 1, 2013.(c) For employees first hired on or after January 1, 2013, a public employer shall not make employer contributions to any qualified retirement plan or plans on behalf of an employee based on that portion of the amount of total pensionable compensation that exceeds the amount specified in Section 401(a)(17) of Title 26 of the United States Code, or its successor.(d) This section shall not apply to salary, compensation, or payrate paid to individuals who, due to their dates of hire, are not subject to the limits specified in subdivision (a).(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)
CA Govt Code § 7522.43 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.43.

7522.43.  (a) A public employer shall not offer a plan of replacement benefits for members and any survivors or beneficiaries whose retirement benefits are limited by Section 415 of Title 26 of the United States Code. This section shall apply to new members.(b) A public retirement system may continue to administer a plan of replacement benefits for employees first hired prior to January 1, 2013.(c) A public employer that does not offer a plan of replacement benefits prior to January 1, 2013, shall not offer such a plan for any employee on or after January 1, 2013.(d) A public employer that offers a plan of replacement benefits prior to January 1, 2013, shall not offer such a plan to any additional employee group to which the plan was not provided prior to January 1, 2013.(Amended by Stats. 2013, Ch. 528, Sec. 10. (SB 13) Effective October 4, 2013.)
CA Govt Code § 7522.44 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.44.

7522.44.  This section shall apply to all public employers and to all public employees:(a) Any enhancement to a public employee’s retirement formula or retirement benefit adopted on or after January 1, 2013, shall apply only to service performed on or after the operative date of the enhancement and shall not be applied to any service performed prior to the operative date of the enhancement. (b) If a change to a member’s retirement membership classification or a change in employment results in an enhancement in the retirement formula or retirement benefit applicable to that member, that enhancement shall apply only to service performed on or after the operative date of the change and shall not be applied to any service performed prior to the operative date of the change. (c) For purposes of this section, “operative date” in a collective bargaining agreement means one of the following:(1) The date that the agreement is signed by the parties.(2) A date agreed to by the parties that will occur after the date that the agreement is signed by the parties.(3) A date designated by the parties that occurred prior to the date the agreement was signed if the most recent collective bargaining contract was expired at the time of the agreement and the date designated is not earlier than 12 months prior to the date of the agreement or the day after the last day of the expired bargaining contract, whichever occurred later.(d) For purposes of this section, an increase to a retiree’s annual cost-of-living adjustment within existing statutory limits shall not be considered to be an enhancement to a retirement benefit.(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)
CA Govt Code § 7522.46 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.46.

7522.46.  (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.(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)
CA Govt Code § 7522.48 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 4 - California Public Employees Pension Reform Act of 2013|Section 7522.48.

7522.48.  (a) Final compensation of a member for the purpose of determining any pension or benefit resulting from service as an elective or appointed officer on a city council or a county board of supervisors accrued while in membership of a public retirement system shall be based on the highest average annual pensionable compensation earned by the member during the period of service in each elective or appointed office. Where that elective or appointed service is a consideration in the computation of any pension or benefit, the member may have more than one final compensation. (b) Any final compensation calculation shall otherwise be subject to this article except that if any individual period of elective service is less than 36 months or three years, then the entire period of that individual’s elected service shall be used to determine the final compensation for that period of service.(c) This section shall apply to a member first elected or appointed to a city council or a county board of supervisors on or after January 1, 2013.(Added by Stats. 2012, Ch. 296, Sec. 15. (AB 340) Effective January 1, 2013.)