CA AB2473

Establishes that members' accrued retirement benefits are nonforfeitable in accordance with federal tax law requirements under Section 401(a) of Title 26 of the United States Code.

Prohibits distribution of retirement funds unless compliant with federal law, including requirements for separation from service and attainment of normal retirement age before benefit payments.

Allows counties to use excess earnings from retirement funds to pay health benefits for retired members, spouses, and dependents through county advance reserves or Post-Employment Benefits Trust Accounts, subject to federal Section 401(h) compliance.

Requires separate trust funds for optional long-term care and vision care benefits to comply with federal tax-qualified plan requirements if established as part of the retirement system.

Revises military service credit provisions to align with federal law requirements when members contribute back pay and interest for military service time.