§ 30401 District Retirement Benefits Options

• •The district can create its own retirement fund for workers.
• •Instead of a fund, they can use group insurance or other ways to pay retirement benefits.
• •The goal is to make sure workers or their families get the money they’re supposed to when they retire.

A school district wants to give teachers money when they retire.

The district can either save money in its own retirement fund or buy insurance to pay the teachers later. They just need to pick a way that makes sure the teachers get their money.