The board may establish one or more tax-preferred retirement savings programs for California public employees. These programs shall be made available to all employees of a participating employer under procedures established by the board unless participation is subject to the terms of any memorandums of understanding between the employer and the employees.
Cal. Gov. Code § 21670
Deferred Compensation
Known as the Public Employees’ Retirement Law
The act spans §§ 20000 to 21716 (1,037 sections).
Amended by Stats. 2010, Ch. 639, Sec. 7
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.