California Statutes
§ 24951. — 24951. (Amended by Stats. 1998, Ch. 965, Sec. 227.)
California § 24951.
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 § 24951. (24951. (Amended by Stats. 1998, Ch. 965, Sec. 227.)) 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 § 24951. (2026).
Text
If the rate of participation in the annuity contract and custodial account is less than 2 percent of active members in the Defined Benefit Program upon the completion of the initial five years of administration, the board may elect to terminate the offering of the annuity contract and custodial account as described in Section 403(b) of the Internal Revenue Code of 1986. The board shall provide two years’ notice to the annuity contract and custodial account participants of its intention to terminate.
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Legislative History
Amended by Stats. 1998, Ch. 965, Sec. 227. Effective January 1, 1999.
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Bluebook (online)
California § 24951., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/24951..