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.
(Amended by Stats. 2010, Ch. 639, Sec. 7. (SB 1139) Effective January 1, 2011.)
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