CHAPTER 36. Annuity Contract and Custodial Accounts

Chapter 36 added by Stats. 1994, Ch. 291, Sec. 5.

§§ 24950–24953 · 5 sections

• § 24950 (a) An annuity contract and custodial account as described in Section 403(b) of the Internal Revenue Code of 1986 shall be offered to : (1) All employees of…
• § 24950.5 (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…
• § 24951 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…
• § 24952 (a) Any annuity contract and custodial account advertised, promoted, or offered through one or more third-party service providers, shall provide for recovery,…
• § 24953 (a) For purposes of this section, the following definitions shall apply: (1) “Annuity contract” means an annuity contract described in Section 403(b) of the…