Section 30-101 – Definitions
(a) In this title the following words have the meanings indicated. (b) (1) “Annuity contract” means a fixed or variable annuity contract or combination of fixed or variable annuity contracts authorized under § 403(a) or (b) of the Internal Revenue Code. (2) “Annuity contract” includes a custodial account to be invested in regulated investment company stock as provided in […]
Section 30-201 – Establishment of Program
(a) There is an optional retirement program in which eligible employees may participate. (b) Under the program, annuity contracts offered by a designated company that provide retirement and death benefits may be purchased for participating employees. (c) (1) The Board of Trustees shall administer the program to the extent provided in this title. (2) The State Retirement Agency shall carry […]