California Statutes
§ 24950.5. — 24950.5. (Added by Stats. 2008, Ch. 432, Sec. 1.)
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. 36. CHAPTER 36. Annuity Contract and Custodial Accounts
(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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California § 24950.5. (24950.5. (Added by Stats. 2008, Ch. 432, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 408A
26 U.S.C. § 408A
Legislative History
Added by Stats. 2008, Ch. 432, Sec. 1. Effective January 1, 2009.