Cal. Code Regs. tit. 2 § 588.2

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 588.2 - Risk Pools-Required Participation for New Contracting Agencies

A new contracting agency with CalPERS following the creation of risk pools shall be required to participate in a risk pool if the number of active members in the rate plan is less than 100 at the time of the initial actuarial valuation provided that the actuary determines such participation will not be unfavorable to other agencies in the pool. In the event that such participation would be unfavorable, the matter may be referred to the CalPERS Board for a hearing.

Cal. Code Regs. Tit. 2, § 588.2

1. New section filed 9-23-2004; operative 9-23-2004 pursuant to Government Code section 11343.4 (Register 2004, No. 39).
2. Amendment filed 9-14-2009; operative 10-14-2009 (Register 2009, No. 38).

Note: Authority cited: Sections 20120, 20121 and 20840, Government Code. Reference: Section 20840, Government Code.

1. New section filed 9-23-2004; operative 9-23-2004 pursuant to Government Code section 11343.4 (Register 2004, No. 39).
2. Amendment filed 9-14-2009; operative 10-14-2009 (Register 2009, No. 38).