§ 22255 Board Member Liability Limits

• •Board members or officers are usually not personally responsible if they make a mistake in their duties, unless it's a special case mentioned in other laws.
• •This rule only applies to mistakes made after January 1, 1990.
• •If they do something really careless or dishonest with retirement money, they can still be held responsible.
• •The board or the system can still be in trouble if they mess up managing the retirement plan.

A board member invests retirement money in a risky business without checking it properly, and the money is lost.

If the board member was really careless (like not doing any research), they can still be held responsible for losing the money, even though they usually aren't personally liable for mistakes.