§ 12302 District Retirement Benefits Options

• •The district can create its own retirement fund for workers.
• •The district can also use group insurance or other methods to give retirement benefits.
• •The goal is to make sure workers or their families get paid what they’re supposed to when they retire.

A school district wants to help its teachers save money for when they stop working.

The district can set up a special savings plan or buy insurance so teachers get money after they retire. They just have to pick a way that makes sure the money is there when the teachers need it.