§ 24608 Retirement Allowance Deductions

• •If you get money from the retirement plan, you can ask to have some taken out for things like insurance or savings.
• •The people in charge (the board) will figure out how much extra it costs to do this, and they might make the company or group paying you cover that cost.
• •The extra cost money goes into the retirement fund to help keep the plan running.

If you get a pension check every month and want some money taken out for health insurance, you can ask for that.

The board will check how much extra work it is to take out that money, and they might ask your old job or insurance company to pay for that extra work. That money then goes back into the retirement fund.