Pursuant to Internal Revenue Code Section 401(a)(2), the corpus or income of the Judges' Retirement System II's trust may not be diverted to or used for purposes other than the exclusive benefit of the members or their beneficiaries, nor shall there be a reversion of trust funds except as permitted by IRS Revenue Ruling 91-4, 1991-1 C.B. 57.
Cal. Code Regs. Tit. 2, § 599.142
Note: Authority cited: Sections 20121 and 75505, Government Code. Reference: California Constitution, Article XVI, Section 17; Section 75505, Government Code; and Section 401(a)(1)-(2), Title 26, United States Code.