California Education Code 89602 – Under this optional retirement program, the trustees shall offer …
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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.
(Amended by Stats. 1996, Ch. 385, Sec. 4. Effective January 1, 1997.)
Terms Used In California Education Code 89602
- trustees: means the Trustees of the California State University, created under Section 66600. See California Education Code 89000