Statute · California Education Code
Cal. Educ. Code § 1350 — Retiree Benefit Funds
Cal. Educ. Code § 1350
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A county superintendent of schools may establish a retiree benefit fund to accumulate restricted moneys from salary reduction agreements, other contributions for employee retirement benefit payments, or both. Moneys may be transferred to the fund from other funds by periodic expense charges, in…
Citator
Cal. Educ. Code § 1350 — Retiree Benefit Funds is in force in the current edition of the Code, and nothing recorded condemns it.
A county superintendent of schools may establish a retiree benefit fund to accumulate restricted moneys from salary reduction agreements, other contributions for employee retirement benefit payments, or both. Moneys may be transferred to the fund from other funds by periodic expense charges, in amounts based on existing and future obligation requirements. Payments from the retiree benefit fund for insurance, annuities, administrative costs, or any other authorized purpose shall be made in accordance with all warrant approval requirements applicable under this code.