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HomeGovernment CodeDiv. 4Pt. 3Ch. 3Art. 5§ 31588 County Retirement Trust Fund

§ 31588 County Retirement Trust Fund

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

§ 31588 County Retirement Trust Fund

Key Takeaways

  • •A special account called 'employees retirement fund' must be created for county workers who are part of this retirement system.
  • •This fund is only for the workers, retired workers, and their families—no one else.
  • •The fund can be used to pay for running the retirement system, like office costs.
  • •If there’s extra money, it can be moved to a backup fund for the county.

Example

A county worker retires after 30 years of service.

The money for their retirement checks comes from the 'employees retirement fund.' This fund is only for them and other workers like them, not for anything else unless it’s for running the retirement system.

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

Official Source
View on CA.gov

§ 31588 County Retirement Trust Fund

A trust fund account to be designated as “employees retirement fund” shall be opened upon the books of the retirement board, or treasurer and auditor if authorized by the board, of any county adopting this retirement system. The “employees retirement fund” shall be a trust fund created or continued and administered in accordance with this chapter, solely for the benefit of the members and retired members of the system and their survivors and beneficiaries. Nothing in this section shall be construed to prohibit the retirement board paying administrative costs, already authorized or to be authorized, or to prohibit the transfer of surplus funds to county advance reserves. (Amended by Stats. 1995, Ch. 584, Sec. 4.5. Effective January 1, 1996.)

Last verified: January 22, 2026

Key Terms

retirementbenefitemployeesurvivoraccordance

Related Statutes

  • § 31492.2 Los Angeles Survivor Allowance
  • § 31681.8 County Retiree Cost-Of-Living Payments
  • § 31848 Parent Survivor Benefits
  • § 20306 Employee Retirement Plan Eligibility
  • § 31452.6 Retirement Benefit Payment Authorization

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 31588.
View Official Source