California Government Code

§ 31699.3

GOV § 31699.3 Effective Jan 1, 2010Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 8.10

Statute text

The purpose of this article is to allow the retirement system board to establish a postemployment health benefits fund for public agencies that would enable the agencies to do all of the following:

(a)Combine for investment the assets that the agencies set aside to provide for retiree health benefits.

(b)Take advantage of economies of scale.

…

Legislative history

Added by Stats. 2009, Ch. 326, Sec. 1. (SB 11) Effective January 1, 2010.