Government Code section 21710


For purposes of this chapter, the following definitions shall apply:

(a)

“Participating employer” means an employer that is authorized and has elected to participate in the prefunding plan.

(b)

“Prefunding plan” means the California Employers’ Pension Prefunding Trust Fund, a trust fund administered by the board, for the purpose of investing employer payments toward their required pension contributions to a defined benefit pension plan and that is intended to meet the requirements of Section 115 of the Internal Revenue Code.

(c)

“Required pension contributions” means future contributions to a defined benefit pension plan required to fund the present value of plan benefits, calculated in compliance with Actuarial Standards of Practice of the American Academy of Actuaries.

Source: Section 21710, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=21710.­ (updated Jan. 1, 2020; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 21710's source at ca​.gov