An employee, subject to the Plan, shall contribute 7.5% of his or her gross pay into an account established for him or her in the Plan. These contributions shall be invested in an investment fund which shall insure preservation of principal. The employee's account shall be the sole source of funding his or her retirement benefits from the Plan.

History

1. New section filed 1-29-93. Submitted to OAL for printing only pursuant to Government Code section 19999.21 (Register 93, No. 5).