California Education Code

§ 89623

EDC § 89623 Effective Jan 1, 1997Div. 8 · Title 3 · Part 55 · Ch. 5.5 · Art. 3

Statute text

No retirement, death, or other benefit shall be paid by the state or the trustees for services credited under the optional retirement program. The benefits are payable to participants or their beneficiaries only by the designated company or companies in accordance with the terms of the contracts, certificates, or investment funds.

Legislative history

Amended by Stats. 1996, Ch. 385, Sec. 6. Effective January 1, 1997.