California Education Code CHAPTER 36 - Annuity Contract and Custodial Accounts

• Section 24950.
  (a) An annuity contract and custodial account as described in Section 403(b) of the Internal Revenue Code of 1986 shall be offered to :(1) All employees of...
• Section 24950.5.
  (a) The system may administer an individual retirement plan as described in Section 408A of Title 26 of the United States Code for the purpose of...
• Section 24951.
  If the rate of participation in the annuity contract and custodial account is less than 2 percent of active members in the Defined Benefit Program...
• Section 24952.
  (a) Any annuity contract and custodial account advertised, promoted, or offered through one or more third-party service providers, shall provide for recovery, from the employees who...
• Section 24953.
  (a) For purposes of this section, the following definitions shall apply:(1) “Annuity contract” means an annuity contract described in Section 403(b) of the Internal Revenue Code that...

Last modified: October 22, 2018