Statutes, codes, and regulations
California Code Of Regulations
Title 2 - AdministrationDivision 1 - Administrative PersonnelChapter 3 - Department of Human ResourcesSubchapter 1 - General Civil Service Rules
Article 27 - 457 Deferred Compensation Plan
Section 599.941 - Administrative Costs

Cal. Code Regs. tit. 2 § 599.941

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 599.941 - Administrative Costs

The Department shall determine the cost of Plan administration and shall collect fees as the Department deems equitable in order to assure that the Deferred Compensation Fund does not operate in a deficit. At such time that it is determined that the Deferred Compensation Fund surplus will exceed the amount of one year's program budget as authorized in the annual Budget Act, the Department shall take action within its authority to reduce program revenue. Accounts or wage statements shall specify any amount deducted by the state or any organization contracting with the state for costs pursuant to this article.

Cal. Code Regs. Tit. 2, § 599.941

1. Change without regulatory effect amending section and NOTE filed 10-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 42).

Note: Authority cited: Sections 18502, 19815.4(d) and 19993, Government Code. Reference: Sections 19815.2, 19815.4, 19815.6 and 19993, Government Code.

1. Change without regulatory effect amending section and Note filed 10-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 42).