The Plan is an eligible deferred compensation plan that shall be administered by the Department of Personnel Administration in accordance with the Plan, as amended by the Department from time to time, regulations adopted by the Internal Revenue Service pursuant to the Omnibus Budget Reconciliation Act (OBRA) of 1990 (Internal Revenue Code Section 3121(b)(7)(F), as applicable, and Internal Revenue Code Section 457 and any and all regulations pertaining thereto.
Cal. Code Regs. Tit. 2, § 599.945.1