Section 89620 Of Article 3. Administration And Participation From California Education Code >> Division 8. >> Title 3. >> Part 55. >> Chapter 5.5. >> Article 3.
89620
. (a) Only eligible employees of the California State
University may elect to participate in the optional retirement
program.
(b) Elections to participate in the optional retirement program
shall be made as follows:
(1) Eligible employees shall irrevocably elect either to join the
Public Employees' Retirement System in accordance with the provisions
of law applicable thereto or to participate in the optional
retirement program established pursuant to this chapter. This
election is irrevocable and shall be made within 60 days of the date
of employment. This election shall be in writing and filed with the
California State University and the Public Employees' Retirement
System. Notwithstanding Section 20303 of the Government Code,
eligible employees shall not be subject to membership in the Public
Employees' Retirement System until either they exercise the election
to not participate in the optional retirement program or the 60-day
period expires, whichever occurs first, whereupon the member
contributions required by Sections 20600 and 20603 of the Government
Code shall commence.
(2) An election of the optional retirement program by an eligible
employee shall be irrevocable and shall be accompanied by an
appropriate enrollment form, where required, for the issuance of
contracts or certificates under the program.