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4.1427 Investments of deferred amounts.

Cite as [A.S.A.C. § 4.1427 ]

(a) The amounts deferred under the plan shall be invested by the board in fixed annuities, variable annuities, life insurance, savings account, or mutual funds, or any combination of the foregoing.

(b) Contracts entered into between the board and the companies selected by the board to offer the investment products for the plan shall be binding upon the participants.

History: Rule 11-87, eff 17 Jun 87.