CHAPTER 7. Participation Accounts [22970.60. - 22970.64.]

Cal. Government Code - GOV 7.
in effect

Cal. Government Code - GOV § 22970.60. Section 22970.60.

(a) Contributions made to the plan by the participant shall be credited to the participant’s account. (b) Subject to the terms and conditions established by the board, a participant may elect to have all or a portion of the participant’s account in one or more investment fund options available under the plan.

Cal. Government Code - GOV § 22970.61. Section 22970.61.

In the case of a contribution that is made under a mistake of fact, nothing in this part shall prohibit the return of that contribution to the participant within one year after discovery of the mistake.

Cal. Government Code - GOV § 22970.62. Section 22970.62.

The net earnings of the applicable investment fund option available under the plan shall be allocated to the participant’s account as of each valuation date.

Cal. Government Code - GOV § 22970.64. Section 22970.64.

A participant shall receive a statement that displays the value, or balance, of the participant’s account and summarizes any credits to the account or other transactions.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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