Statute · California Government Code
Cal. Gov't Code § 21601 — Preretirement Group Term Life Insurance
Cal. Gov't Code § 21601
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1996-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A separate account shall be established in the retirement fund to be known as the Insurance Benefits Account. Moneys in the account shall be expended for the sole purpose of payment of insurance benefits under this article. Interest shall be credited to the account at the annual rate and in the…
Citator
Cal. Gov't Code § 21601 — Preretirement Group Term Life Insurance is in force in the current edition of the Code, and nothing recorded condemns it.
A separate account shall be established in the retirement fund to be known as the Insurance Benefits Account. Moneys in the account shall be expended for the sole purpose of payment of insurance benefits under this article. Interest shall be credited to the account at the annual rate and in the same manner as interest is credited to employer and employee contributions in the retirement fund.