§ 24921. — 24921. (Repealed and added by Stats. 1993, Ch. 893, Sec. 2.)

California § 24921.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 1.
• Title 1.: DIVISION 1. GENERAL EDUCATION CODE PROVISIONS
• Part 13.: PART 13. STATE TEACHERS' RETIREMENT SYSTEM
• Ch. 35.: CHAPTER 35. Joint District Salary Retirement Plan
• Art. 2.: ARTICLE 2. Administration of the Plan

Text

Any plan shall not be adopted or established until the governing boards, after any inquiry and hearing they may direct, find that the respective contributions of the teachers and other employees and the districts provided for in the plan, are substantially in accordance with the more recent generally prevailing rates of contributions in public institutions that have established retirement systems, and that the plan is in accordance with sound business practice and with recognized actuarial methods.

Legislative History

Repealed and added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.