Common use of Crediting of Accounts Clause in Contracts

Crediting of Accounts. All Deferrals and Transfers with respect to a Participant shall be credited to the Participant's Accountas of the date such amounts are invested in the Fund in‌ accordance with the proceduresestablished by the Board. The Employer shall remit to CalPERS all Deferrals and Transfers directed by Participants to be invested in the Fund as soon as reasonably practicable after such amounts are withheld from the Participant's salary or wages or are available from the transferor plan, as applicable, and in no event longer than is reasonable for the proper administration of Participant accounts.

Crediting of Accounts. All Deferrals and Transfers with respect to a Participant shall be credited to the Participant's Accountas Account as of the date such amounts are invested in the Fund in‌ in accordance with the proceduresestablished procedures established by the Board. The Employer shall remit to CalPERS all Deferrals and Transfers directed by Participants to be invested in the Fund as soon as reasonably practicable after such amounts are withheld from the Participant's salary or wages or are available from the transferor plan, as applicable, and in no event longer than is reasonable for the proper administration of Participant accounts.accounts.‌

Crediting of Accounts. All Deferrals and Transfers with respect to a Participant shall be credited to the Participant's Accountas Account as of the date such amounts are invested in the Fund in‌ in accordance with the proceduresestablished procedures established by the Board. The Employer shall remit to CalPERS all Deferrals and Transfers directed by Participants to be invested in the Fund as soon as reasonably practicable after such amounts are withheld from the Participant's salary or wages or are available from the transferor plan, as applicable, and in no event longer than is reasonable for the proper administration of Participant accounts.applicable.‌