Cal. Education Code § 22251
Cal. Education Code § 22251
California · California Education Code · Status: effective · Effective 1999-01-01
Cite this
- Citation
- Cal. Education Code § 22251, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/797208
- Permanent ID
ys:prov:797208@1- SHA-256
fb3929dde0dc89a2f72bcdd4db2f8e03f67383777cbf1eeada0ee94fd92f9ff5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Except as provided in subdivision (b), the assets of the plan shall never inure to the benefit of an employer and shall be held for the exclusive purposes of providing benefits to members and beneficiaries of the Defined Benefit Program as well as the participants and beneficiaries of the Cash Balance Benefit Program and defraying reasonable expenses of administering the plan and the system.
(b) In the case of a contribution that is made by an employer by a mistake of fact, subdivision (a) shall not prohibit the return of that contribution within one year after the system knows, or should know in the ordinary course of business, that the contribution was made by a mistake of fact.