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§ 27501. Fringe Benefit.

5 CA ADC § 27501Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 5. Education
Division 3. Teachers' Retirement System
Chapter 2. Compensation
Article 4. Noncreditable Compensation
5 CCR § 27501
§ 27501. Fringe Benefit.
Currentness
(a) A fringe benefit is any of the following:
(1) A good or service for which the cost is paid to a third party or otherwise covered by the employer.
(2) Compensation allocated to an employee to cover a personal or business expense that could otherwise be provided in the form of a good or service as specified in paragraph (1).
(3) Cash in lieu of, or cash remaining from, a good or service as specified in paragraph (1).
(b) If any part of creditable compensation is restructured into a fringe benefit, that amount will not be considered creditable compensation beginning with the effective date of the restructure.

Credits

Note: Authority cited: Sections 22119.2 and 22305, Education Code. Reference: Section 22119.2, Education Code.
History
1. New section filed 11-18-2014; operative 1-1-2015 (Register 2014, No. 47).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 5, § 27501, 5 CA ADC § 27501
End of Document