Cal. Ed. Code § 89623

Current through the 2023 Legislative Session.
Section 89623 - Payment of benefits

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.

Ca. Educ. Code § 89623

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