California § 24950.5. 24950.5. (Added by Stats. 2008, Ch. 432, Sec. 1.)

California Statutes

§ 24950.5. — 24950.5. (Added by Stats. 2008, Ch. 432, Sec. 1.)

California § 24950.5.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.1.

Title 1.DIVISION 1. GENERAL EDUCATION CODE PROVISIONS

Part 13.PART 13. STATE TEACHERS' RETIREMENT SYSTEM

Ch. 36.CHAPTER 36. Annuity Contract and Custodial Accounts

This text of California § 24950.5. (24950.5. (Added by Stats. 2008, Ch. 432, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Education Code - EDC Code § 24950.5. (2026).

Text

(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 accepting a rollover from an annuity contract or custodial account offered by the system pursuant to this chapter to the extent the rollover complies with Title 26 of the United States Code.

(b)The system may provide for the administration of the individual retirement plan described in subdivision (a) by a qualified third-party administrator who shall, by agreement with the system, provide custodial, investment, recordkeeping, or administrative services, or any combination thereof.

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(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 accepting a rollover from an annuity contract or custodial account offered by the system pursuant to this chapter to the extent the rollover complies with Title 26 of the United States Code.
(b)
The system may provide for the administration of the individual retirement plan described in subdivision (a) by a qualified third-party administrator who shall, by agreement with the system, provide custodial, investment, recordkeeping, or administrative services, or any combination thereof.