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Additional Provisions Required for Retirement System Compliance with the Internal Revenue Code.

Los Angeles Administrative Code § 4.1077.1
in effect
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Sec. 4.1077.1. Additional Provisions Required for Retirement System Compliance with the Internal Revenue Code. In order for the Retirement System to maintain its status as a qualified governmental defined benefit plan under the Internal Revenue Code, the Retirement System is additionally subject to the following provisions: (a) In addition to any vesting protections under current provisions of the plan, in the event of a full or partial termination of, or a complete discontinuance of employer contributions to, the plan, the accrued benefits of the affected members under the plan shall be 100% vested and nonforfeitable to the extent required by federal law. (b) The Retirement Fund (the trust fund established for the Retirement System in Charter Section 1154) must not revert, and no contributions shall be permitted to be returned, to the employer. SECTION HISTORY Added by Ord. No. 183,456, Eff. 3-4-15.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-82154Fetched: 10/24/2026

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4.1077.1 | Corpus