California Education Code

§ 89602

EDC § 89602 Effective Jan 1, 1997Div. 8 · Title 3 · Part 55 · Ch. 5.5 · Art. 1

Statute text

Under this optional retirement program, the trustees shall offer eligible employees contracts, certificates, or investment funds providing retirement and death benefits, funded through annuities or investment fund options. The state and eligible employees electing this optional retirement program shall contribute to the optional retirement program to the extent authorized or required by this chapter. Benefits under the contracts, certificates, or investment funds are owned by the participants.

Legislative history

Amended by Stats. 1996, Ch. 385, Sec. 4. Effective January 1, 1997.