California · Education Code

EDC §23009: The board, if in the interest of the plan, may, in connection with adjustments to the required contributions referred to in Section 23008, receive or make payments directly from or to the member or be

What this law says, in plain English

A pension plan board may receive or make payments directly from or to members in connection with contribution adjustments when in the plan's interest.

Read the full statutory text

The board, if in the interest of the plan, may, in connection with adjustments to the required contributions referred to in Section 23008, receive or make payments directly from or to the member or beneficiary with interest.

Verify at the official source: California legislative text

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