Cal. Code Regs. Tit. 2, § 599.550 - Definitions
For purposes of this article:
(a) "Health care coverage for annuitants"
means post-employment healthcare benefits and other postemployment benefits
provided to terminated or retired employees and their dependents and
beneficiaries. For purposes of this definition, "postemployment healthcare
benefits" means medical, dental, vision, and other health-related benefits, and
"other postemployment benefits" means postemployment benefits other than
pension benefits, including life insurance, disability, and long-term care
benefits."
(b) "Participating
employer" means an employer, as defined at Government Code section
22942,
that has elected to participate in the prefunding plan and that contracts with
CalPERS, which contract sets forth the terms and conditions of the
participating employer's participation in the prefunding plan.
(c) "Prefunding plan" means the Annuitants'
Health Care Coverage Fund that is a trust fund intended to meet the
requirements of Section
115 of the Internal Revenue Code
and that is established pursuant to Government Code section
22940 to
provide healthcare coverage for annuitants. The prefunding plan is sometimes
referred to as the California Employers' Retiree Benefit Trust or
CERBT.
Notes
2. New section heading and amendment of subsections (b) and (c) and NOTE filed 3-28-2011; operative 4-27-2011 (Register 2011, No. 13).
Note: Authority cited: Section 22796, Government Code. Reference: Sections 22940 and 22942, Government Code.
2. New section heading and amendment of subsections (b) and (c) and Note filed 3-28-2011; operative 4-27-2011 (Register 2011, No. 13).
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