Statutes, codes, and regulations
California Code Of Regulations
Title 2 - AdministrationDivision 1 - Administrative PersonnelChapter 2 - Board of Administration of Public Employees' Retirement SystemSubchapter 2.2 - Judges' Retirement Fund Regulations
Article 1 - Plan Qualification Requirements for the Judges' Retirement Fund
Section 599.122 - Exclusive Benefit Requirement

Cal. Code Regs. tit. 2 § 599.122

Download
PDF
Current through Register 2024 Notice Reg. No. 45, November 8, 2024
Section 599.122 - Exclusive Benefit Requirement

Pursuant to Internal Revenue Code Section 401(a)(2), the corpus or income of the Judges' Retirement System trust may not be diverted to or used for purposes other than the exclusive benefit of the members or their beneficiaries, nor shall there be a reversion of trust funds except as permitted by IRS Revenue Ruling 91-4, 1991-1 C.B. 57.

Cal. Code Regs. Tit. 2, § 599.122

1. New section filed 2-23-2015; operative 4-1-2015 (Register 2015, No. 9).

Note: Authority cited: Sections 20121 and 75005, Government Code. Reference: California Constitution, Article XVI, Section 17; Section 75005, Government Code; and Section 401(a)(1)-(2), Title 26, United States Code.

1. New section filed 2-23-2015; operative 4/1/2015 (Register 2015, No. 9).