Section 25106 Of Chapter 39. School Employer Retirement Investment Product Vendor Registration Process And Information Bank From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 39.
25106
. The board shall design the information bank Internet Web
site and include retirement investment product plan information and
education materials taken from and referenced to the Internal Revenue
Service, the Securities and Exchange Commission, the National
Association of Insurance Commissioners, and other applicable
governmental or regulatory agencies. Information shall be presented
and used in a manner that is consistent with the rules of those
agencies and with rules of the Financial Industry Regulatory
Authority. The information shall be offered as a preface to the
vendor information required in Section 25101. The preface shall
include, but shall not be limited to, the following information:
(a) An explanation of Section 403(b) of the Internal Revenue Code
of 1986.
(b) The retirement investment products that may be purchased under
Section 403(b) of the Internal Revenue Code of 1986, and with
definitions of those products.
(c) Definitions or explanations of all fees referred to in the
investment information bank.