Title 2. Administration
Division 1. Administrative Personnel
Chapter 3. Department of Human Resources
Subchapter 1. General Civil Service Rules
Article 27.6. 401(k) Retirement Savings Plan
2 CCR § 599.946
§ 599.946. Corrective Contributions and Lost Earnings.
Subdivisions (a) through (c) unchanged.
(d) The Department California Department of Human Resources will determine the amount of lost earnings required to make the account whole.
(e) The Department California Department of Human Resources will receive reimbursement for the corrective contributions, any lost earnings, and administrative costs through the State Controller's Office in accordance with Government Code section 11255. The State Controller's Office and the Department California Department of Human Resources shall each receive one-half of the $500 administrative fee paid by the responsible entity. If the responsible entity is not a state agency subject to Government Code section 11255, the Department California Department of Human Resources will obtain reimbursement directly from the entity, and shall retain the full amount of any administrative fee collected from the entity.
Note: Authority cited: Sections 18502 and 19815.4(d), Government Code; and Article XVI, Section 17, California Constitution. Reference: Section 19999.5, Government Code.
Title 2. Administration
Division 1. Administrative Personnel
Chapter 3. Department of Human Resources
Subchapter 1. General Civil Service Rules
Article 27.6. 401(k) Retirement Savings Plan
2 CCR § 599.946
§ 599.946. Corrective Contributions and Lost Earnings.
Subdivisions (a) through (c) unchanged.
(d) The California Department of Human Resources will determine the amount of lost earnings required to make the account whole.
(e) The California Department of Human Resources will receive reimbursement for the corrective contributions, any lost earnings, and administrative costs through the State Controller's Office in accordance with Government Code section 11255. The State Controller's Office and the California Department of Human Resources shall each receive one-half of the $500 administrative fee paid by the responsible entity. If the responsible entity is not a state agency subject to Government Code section 11255, the California Department of Human Resources will obtain reimbursement directly from the entity, and shall retain the full amount of any administrative fee collected from the entity.
Note: Authority cited: Sections 18502 and 19815.4(d), Government Code; and Article XVI, Section 17, California Constitution. Reference: Section 19999.5, Government Code.
Title 2. Administration
Division 1. Administrative Personnel
Chapter 3. Department of Human Resources
Subchapter 1. General Civil Service Rules
Article 27.7. Alternate Retirement Program (ARP)
2 CCR § 599.947
§ 599.947. Corrective Contributions and Lost Earnings.
Subdivisions (a) through (c) unchanged.
(d) The entity processing the correction will determine the amount of corrective contributions. The Department California Department of Human Resources will determine the amount of the lost earnings required to make the account whole.
(e) The Department California Department of Human Resources will receive reimbursement for the corrective contributions, any lost earnings, and administrative costs through the State Controller's Office in accordance with Government Code section 11255. The State Controller's Office and the Department California Department of Human Resources shall each receive one-half of the $500 administrative fee paid by the responsible entity. If the responsible entity is not a state agency, subject to Government Code section 11255, the Department California Department of Human Resources will obtain reimbursement directly from the entity, and shall retain the full amount of any administrative fee collected from the entity.
Note: Authority cited: Sections 18502 and 19815.4(d), Government Code; and Article XVI, Section 17, California Constitution. Reference: Section 19999.31, Government Code.
Title 2. Administration
Division 1. Administrative Personnel
Chapter 3. Department of Human Resources
Subchapter 1. General Civil Service Rules
Article 27.7. Alternate Retirement Program (ARP)
2 CCR § 599.947
§ 599.947. Corrective Contributions and Lost Earnings.
Subdivisions (a) through (c) unchanged.
(d) The entity processing the correction will determine the amount of corrective contributions. The California Department of Human Resources will determine the amount of the lost earnings required to make the account whole.
(e) The California Department of Human Resources will receive reimbursement for the corrective contributions, any lost earnings, and administrative costs through the State Controller's Office in accordance with Government Code section 11255. The State Controller's Office and the California Department of Human Resources shall each receive one-half of the $500 administrative fee paid by the responsible entity. If the responsible entity is not a state agency, subject to Government Code section 11255, the California Department of Human Resources will obtain reimbursement directly from the entity, and shall retain the full amount of any administrative fee collected from the entity.
Note: Authority cited: Sections 18502 and 19815.4(d), Government Code; and Article XVI, Section 17, California Constitution. Reference: Section 19999.31, Government Code.
