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HomeGovernment CodeDiv. 4Pt. 3Ch. 3Art. 5§ 31599 Retirement Contribution Records

§ 31599 Retirement Contribution Records

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 31599 Retirement Contribution Records

Key Takeaways

  • •The retirement board must keep track of all the money that workers have put into their retirement accounts.
  • •They also need to track how much money retired workers have taken out of their accounts.
  • •The board must record any money the county or district has added to the retirement fund for workers.
  • •They have to keep track of all other money the county or district has set aside for retirement benefits.

Example

A teacher works for 30 years and puts money into her retirement account every month.

The retirement board must keep records of all the money the teacher has put in, any money the school district has added, and how much she takes out after she retires.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 31599 Retirement Contribution Records

In addition to other records and accounts, the retirement board, or the treasurer if authorized by the board, shall keep records and accounts as are necessary to show at any time: (a) The total accumulated contributions of members. (b) The total accumulated contributions of retired members less the annuity payments made to the members. (c) The accumulated contributions of the county or district held for the benefit of members on account of service rendered as members of the retirement system. (d) All other accumulated contributions of the county or district, including the amounts available to meet the obligation of the county or district on account of benefits granted to retired employees and on account of prior service of members. (Amended by Stats. 1995, Ch. 584, Sec. 12. Effective January 1, 1996.)

Last verified: January 22, 2026

Key Terms

retirementannuityobligationbenefitsemployeeaddition

Related Statutes

  • § 31590 Retirement Fund Payment Authorization
  • § 31590.2 County Retirement Fund Signatures
  • § 31452 Pension Benefits Tax Exemption
  • § 31574 Sewer District Retirement Transfer
  • § 31592.2 Retirement Fund Surplus Management

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 31599.
View Official Source