§ 89623
51 words·~1 min read·
/ca/education-code/89623A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No retirement, death, or other benefit shall be paid by the state or the trustees for services credited under the optional retirement program. The benefits are payable to participants or their beneficiaries only by the designated company or companies in accordance with the terms of the contracts, certificates, or investment funds.