California Employers' Pension Prefunding Trust (CEPPT) Certification of Funding Policy - California

California Employers' Pension Prefunding Trust (CEPPT) Certification of Funding Policy 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 California Employers' Pension Prefunding Trust (CEPPT)?A: The California Employers' Pension Prefunding Trust (CEPPT) is a trust established by California employers to prefund pension obligations.

Q: What is the purpose of CEPPT?A: The purpose of CEPPT is to provide California employers with a mechanism to prefund their pension obligations.

Q: Who establishes the CEPPT?A: The CEPPT is established by California employers.

Q: What is the Certification of Funding Policy?A: The Certification of Funding Policy is a document that outlines the funding policy of the CEPPT.

Q: What does the Certification of Funding Policy include?A: The Certification of Funding Policy includes details about the funding strategy, investment policy, and other relevant information of the CEPPT.

Q: Why is the Certification of Funding Policy important?A: The Certification of Funding Policy is important as it provides transparency and accountability in the management of pension funds.

Q: Who is responsible for certifying the Funding Policy?A: The employer sponsoring the CEPPT is responsible for certifying the Funding Policy.

Q: What happens if an employer fails to certify the Funding Policy?A: If an employer fails to certify the Funding Policy, it may result in penalties or other consequences.

Q: Is participation in the CEPPT mandatory for California employers?A: Participation in the CEPPT is voluntary for California employers.

Q: Can the Certification of Funding Policy be amended?A: Yes, the Certification of Funding Policy can be amended with approval from the employer sponsoring the CEPPT.