Statutes > California Statutes > Government Code > 50975-50976

50975-50976

GOVERNMENT CODE
SECTION 50975-50976 




50975.  The Public Employees' Retirement System, as a public entity,
and the present, future, and former board members of the Public
Employees' Retirement System, jointly and individually, and state
officers and employees, shall be indemnified from the General Fund as
described in Section 16641.5 for all claims, demands, suits,
actions, damages, judgments, costs, charges, and expenses as a result
of the transfer of the award system from the Board of Administration
of the Public Employees' Retirement System to the board of the
California State Fire Employees Welfare Benefit Corporation.



50976.  (a) The Board of Administration of the Public Employees'
Retirement System shall not be liable for any action or failure to
act by the board of the California State Fire Employees Welfare
Benefit Corporation. Upon transfer of the award system, the board of
the California State Fire Employees Welfare Benefit Corporation shall
assume all responsibilities and liabilities related to the award
system.
   (b) As of the date of the transfer or termination of the award
system, the Board of Administration of the Public Employees'
Retirement System shall have no liability or responsibility for the
administration of the award system.