California Education Code

§ 25100

EDC § 25100 Effective Jan 1, 2015Div. 1 · Title 1 · Part 13 · Ch. 39

Statute text

(a)The board shall establish a vendor registration process through which information about tax-deferred retirement investment products as described in Section 403(b) of the Internal Revenue Code of 1986 shall be made available for consideration by public employees of all local school districts, community college districts, county offices of education, and state employees of a state employer under the uniform state payroll system, excluding the California State University System, eligible to participate in an annuity contract and custodial account as described in Section 403(b) of the Internal Revenue Code of 1986.

(b)For the purposes of this chapter, “403(b) product or 403(b) products” means tax-deferred retirement investment products as described in Section 403(b) of the Internal Revenue Code of 1986, and its subsequent amendments, and complying with applicable California insurance laws, and federal and California securities laws and rules as applied by appropriate regulatory entities.

(c)For the purposes of this chapter:

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Legislative history

Amended by Stats. 2014, Ch. 755, Sec. 73. (SB 1220) Effective January 1, 2015.