Agreement and Election to Prefund Employer Contributions to a Defined Benefit Pension Plan - California Employers' Pension Prefunding Trust Program - California

Agreement and Election to Prefund Pension Plan - California Employers' Pension Prefunding Trust Program is a legal document that was released by the California Public Employees' Retirement System - a government authority operating within California.

FAQ

Q: What is the Agreement and Election to Prefund Employer Contributions to a Defined Benefit Pension Plan?
A: It is a program for California employers to prefund their contributions to a defined benefit pension plan.

Q: What is the California Employers' Pension Prefunding Trust Program?
A: It is a program in California that allows employers to prefund their contributions to a defined benefit pension plan.

Q: Who is eligible to participate in the California Employers' Pension Prefunding Trust Program?
A: California employers who have a defined benefit pension plan are eligible to participate.

Q: What are the benefits of participating in the program?
A: Participating employers can reduce future pension liabilities, mitigate investment risk, and potentially lower their required plan contributions.

Q: How does the program work?
A: Employers make cash contributions to the trust program, which are invested to help fund future pension obligations.

Q: Is participation in the program mandatory?
A: No, participation is voluntary for employers with a defined benefit pension plan.