Cal. Education Code § 42850
Cal. Education Code § 42850
California · California Education Code · Status: effective · Effective 2002-09-30
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- Citation
- Cal. Education Code § 42850, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/799535
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Full text
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.