§ 22203 Teachers' Retirement Fund Investments

Education Code·California

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Key Takeaways

•The board is in charge of how the Teachers’ Retirement Fund money is invested.
•The board can buy, keep, or sell investments they think are smart and safe.
•They must follow California’s rules and laws when making these decisions.

Example

The board decides to buy stocks in a big company like Apple.

The board can do this if they believe it’s a good and safe way to grow the retirement money for teachers. They can’t just pick anything—they have to follow the rules and make smart choices.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 22203 Teachers' Retirement Fund Investments

The board has exclusive control of the investment of the Teachers’ Retirement Fund. Except as otherwise restricted by the California Constitution and by law, the board may in its discretion invest the assets of the fund through the purchase, holding, or sale thereof of any investment, financial instrument, or financial transaction when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board. (Repealed and added by Stats. 1993, Ch. 893, Sec. 2. Effective January 1, 1994.)

Last verified: January 23, 2026

Key Terms

exclusive control Teachers’ Retirement Fund prudent California Constitution

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 22203.

Key Takeaways

Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References