Education Code - EDC
TITLE 2. ELEMENTARY AND SECONDARY EDUCATION [33000 - 65001]
( Title 2 enacted by Stats. 1976, Ch. 1010. )DIVISION 3. LOCAL ADMINISTRATION [35000 - 45500]
( Division 3 enacted by Stats. 1976, Ch. 1010. )PART 24. SCHOOL FINANCE [41000 - 43052]
( Part 24 enacted by Stats. 1976, Ch. 1010. )CHAPTER 10. Revolving Funds, School Districts [42800 - 42850]
( Chapter 10 enacted by Stats. 1976, Ch. 1010. )
ARTICLE 6. Retiree Benefit Funds [42850- 42850.]
( Article 6 added by Stats. 1987, Ch. 586, Sec. 7. )
The governing board of any school district may establish a fund for pension and other employee benefits to accumulate restricted moneys from salary reduction agreements, other contributions for employee retirement benefit payments, or both. Moneys may be transferred to the fund from other funds by periodic expense charges, in amounts based on existing and future obligation requirements. Payments from the pension plan and other employee benefits fund for insurance, annuities, administrative costs, or any other authorized purpose shall be made in accordance with all warrant approval requirements applicable under this code.
(Amended by Stats. 2002, Ch. 1168, Sec. 28. Effective September 30, 2002.)