California Code of Regulations
Title 5 - Education
Division 3 - Teachers' Retirement System
Chapter 1 - Teachers' Retirement System
Article 15.5 - Penalties and Interest for Late Remittances and Late and Unacceptable Reporting by Employers
Section 27006 - Late Contributions - Cash Balance Benefit Program
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
In order to process contributions for any given day, the contributions must be received on or before 3:00 p.m. Pacific Time. Therefore,
(a) Contributions received after 3:00 p.m. Pacific Time shall be considered to have been received on the following working day.
(b) Contributions due on the 10th working day that are not received by 3:00 p.m. Pacific Time on that 10th working day shall be considered to have been received on the 11th working day, and therefore are late.
1. New section filed 4-2-2012; operative 7-1-2012 pursuant to Government Code section 11343.4 (Register 2012, No. 14).
Note: Authority cited: California Constitution, Article XVI, Section 17; and Sections 22207, 22213, 22214, 22250 and 22305, Education Code. Reference: Section 26303, Education Code; and Section 4108, Commercial Code.
