Any employee of the City of Los Angeles may authorize the contribution, by payroll deduction, into the various tax-deferred investment options of the Golden State ScholarShare College Savings Trust, on behalf of a designated beneficiary to provide for qualified higher education expenses.
The authorization for such deduction shall be in a form the City Controller may determine, shall be signed by the employee and delivered to the City Controller and thereafter, until revoked or cancelled by such employee, shall be effective as of the end of each payroll period. Each pay period upon which any deductions are made as authorized in this article shall be accompanied by a check or demand upon the General Payroll/Reimbursement Fund against which the payroll is issued in favor of the “Golden State ScholarShare Trust” established by this article.
SECTION HISTORY
Added by Ord. No. 175,580, Eff. 11-29-03.