reglab/statecodes huggingface dataset:
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 13.5 - HEALTH CARE BENEFITS PROGRAM › CHAPTER 3 - Establishment and Control of Fund › Section 25930.

25930. There is in the State Treasury a special trust fund to be known as the Teachers’ Health Benefits Fund. There shall be deposited in the fund the employer contributions required under subdivision (c) of Section 22950, income on investments, other interest income, income from fees and penalties, premiums paid by members, donations, legacies, bequests made to the fund and accepted by the board, and any other amounts provided by this part. Notwithstanding Section 13340 of the Government Code, the proceeds of the fund are hereby continuously appropriated without regard to fiscal year for purposes of this part. The design and administration of the fund and any program financed from the fund shall comply with Section 115 of Title 26 of the United States Code.
(Amended by Stats. 2001, Ch. 803, Sec. 37. Effective January 1, 2002.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 13.5 - HEALTH CARE BENEFITS PROGRAM › CHAPTER 3 - Establishment and Control of Fund › Section 25931.

25931. The board shall have exclusive control of the administration of the fund. No transfers or disbursements of any amount from the fund shall be made except upon the authorization of the board for the purpose of carrying into effect the provisions of this part. Except as otherwise limited 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 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.
(Added by Stats. 2000, Ch. 1032, Sec. 4. Effective January 1, 2001.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 13.5 - HEALTH CARE BENEFITS PROGRAM › CHAPTER 3 - Establishment and Control of Fund › Section 25932.

25932. Return on investments shall be collected by the State Treasurer and, together with any other moneys received for the fund, shall be immediately deposited to the credit of the fund and reported immediately to the system. Money in whatever form received directly by the system for the fund shall be deposited immediately in the State Treasury to the credit of the fund.
(Added by Stats. 2000, Ch. 1032, Sec. 4. Effective January 1, 2001.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 13.5 - HEALTH CARE BENEFITS PROGRAM › CHAPTER 3 - Establishment and Control of Fund › Section 25933.

25933. (a) For purposes of this section, “plan” means any health benefits program that is financed from the proceeds of the fund.
(b) The board shall maintain all data necessary to perform an actuarial investigation of the demographic and economic experience of the plan and for the actuarial valuation of the assets and liabilities of the plan.
(c) The board shall retain the services of an actuary to do all of the following:
(1) Make recommendations to the board for the adoption of actuarial assumptions that, in the aggregate, are reasonably related to the past experience of the plan and reflect the actuary’s informed estimate of future experience.
(2) Make an actuarial investigation of the demographic and economic experience, including the mortality, service, and other experience, of the plan with respect to members or any other persons eligible to receive benefits from the plan.
(3) At least biennially, using actuarial assumptions adopted by the board, perform an actuarial valuation of the plan that identifies the assets and liabilities of the plan, and report the findings to the board. The report of the actuary on the results of the actuarial valuation shall identify and include the components of normal cost and adequate information to determine the effects of changes in actuarial assumptions. Copies of the report on the actuarial valuation shall be transmitted to the Governor and to the Legislature.
(4) Recommend to the board all rates and factors necessary to administer the plan, including, but not limited to, mortality tables and interest rates.
(5) Recommend to the board a strategy for amortizing any unfunded actuarial obligation.
(Amended by Stats. 2001, Ch. 159, Sec. 61. Effective January 1, 2002.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 13.5 - HEALTH CARE BENEFITS PROGRAM › CHAPTER 4 - Medicare Premium Payment Program › Section 25950.

25950. On or before April 1, 2001, the board shall report to the Legislature on a prescription drug program and a program to provide health benefits to retired members. The report shall include an analysis of all potential methods of financing and administering the programs. These shall include, but are not limited to, (1) the system providing those health benefits under contracts with carriers or other entities that administer health benefits plans, (2) reimbursing employers for the costs of providing those health benefits to retired employees, and (3) crediting employers and employing agencies, against the amount contributed pursuant to Section 22950, a monthly amount, adjusted annually, for each retiree the employer or employing agency certifies is enrolled in one or more health care benefits programs administered or sponsored by the employer or employing agency. The report shall include an estimate of the fiscal impact of each program on the system, including administration and program costs, and recommended statutory language to implement each program.
(Added by Stats. 2000, Ch. 874, Sec. 1. Effective January 1, 2001.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 13.5 - HEALTH CARE BENEFITS PROGRAM › CHAPTER 4 - Medicare Premium Payment Program › Section 25955.

25955. To recover an amount overpaid under this part, the monthly allowance payable under the Defined Benefit Program may be reduced by the amount of the overpayment. If the overpayment is not due to fraud or intentional misrepresentation of facts by the recipient of the allowance or benefit, the monthly allowance may be reduced by no more than 5 percent if the overpayment was due to error by the system, the county superintendent of schools, a school district, or a community college district, and by no more than 15 percent if the error was due to inaccurate or omitted information from the recipient of the allowance or benefit.
(Added by Stats. 2002, Ch. 375, Sec. 36. Effective January 1, 2003.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26000.

26000. The Legislature hereby finds and declares that the State Teachers’ Retirement System Cash Balance Plan was created and established on July 1, 1996, to provide a retirement plan for persons employed by an employer offering the Cash Balance Plan, excluding a community college district, to perform creditable service for less than 50 percent of the full-time equivalent for the position, or employed by a community college district offering the Cash Balance Plan to perform creditable service on a temporary basis pursuant to Section 87474, 87478, 87480, 87481, 87482, or 87482.5, or employed by an employer offering the Cash Balance Plan to perform creditable service as a substitute employee. The persons eligible for the Cash Balance Plan were excluded from mandatory membership in the State Teachers’ Retirement System Defined Benefit Plan. Both plans are administered by the Teachers’ Retirement Board. Because both plans were intended to provide for the retirement of teachers and other persons employed in connection with the public schools of this state and schools supported by this state, a merger of these two plans is now hereby made for the purpose of establishing a single retirement plan that shall be known and may be cited as the State Teachers’ Retirement Plan consisting of the different benefit programs set forth in this part and Part 13 (commencing with Section 22000). The plan shall be administered by the Teachers’ Retirement Board as set forth in this part and Part 13 (commencing with Section 22000). As a result of this merger, a Cash Balance Benefit Program will be provided under the State Teachers’ Retirement Plan and that program is set forth in this part.
The governing board of a school district, community college district, or county office of education may, by formal action, elect to provide the benefits of the Cash Balance Benefit Program under this part for their employees.
(Amended by Stats. 2015, Ch. 123, Sec. 27. (AB 991) Effective January 1, 2016.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26000.5.

26000.5. An employer whose governing board has elected to provide the benefits of this part for its employees pursuant to Section 26000 shall enter into an agreement with the State Teachers’ Retirement System. The agreement shall specify the terms and conditions of the employer’s formal action to provide the Cash Balance Benefit Program and shall remain in effect unless or until the employer exercises the right to discontinue the program pursuant to Chapter 17 (commencing with Section 28100).
(Amended by Stats. 2006, Ch. 655, Sec. 62. Effective January 1, 2007.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26000.6.

26000.6. (a) An election by any employer to provide the benefits of the Cash Balance Plan for their employees prior to the merger described in Section 26000 shall be deemed to constitute an election to provide the Cash Balance Benefit Program under the State Teachers’ Retirement Plan.
(b) Participation in the Cash Balance Plan by any participant prior to the merger described in Section 26000 shall be deemed to constitute participation in the Cash Balance Benefit Program under the State Teachers’ Retirement Plan.
(c) Any beneficiary under the Cash Balance Plan prior to the merger described in Section 26000 shall be deemed to be a beneficiary under the Cash Balance Benefit Program under the State Teachers’ Retirement Plan.
(Added by Stats. 1998, Ch. 1048, Sec. 13. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26001.

26001. The design and administration of the plan, including the Cash Balance Benefit Program, shall comply with the applicable provisions of the Internal Revenue Code and the Revenue and Taxation Code. The Teachers’ Retirement Board may amend the plan to comply with the applicable federal laws and regulations to the extent permitted by law, to establish or revise the minimum interest rate, to declare additional earnings credit, to declare additional annuity credit, and to adopt and amend actuarial assumptions for all purposes under the plan.
(Amended by Stats. 1998, Ch. 965, Sec. 229. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26002.

26002. The Cash Balance Benefit Program shall be administered by the Teachers’ Retirement Board with all of the powers, responsibilities and duties for administration of the plan set forth in Chapter 3 (commencing with Section 22200) through Chapter 7 (commencing with Section 22375) of Part 13. In administering the plan, the board and its officers and employees of the system shall exercise their fiduciary duties set forth in Chapter 4 (commencing with Section 22250) of Part 13.
(Amended by Stats. 1998, Ch. 965, Sec. 230. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26002.5.

26002.5. Except as excluded in subdivision (d) of Section 26807.5 or subdivision (c) of Section 26906.5, a person who is the registered domestic partner of a member, as established pursuant to Section 297 or 299.2 of the Family Code, shall be treated in the same manner as a “spouse,” as defined in Section 26140.
(Amended by Stats. 2015, Ch. 123, Sec. 28. (AB 991) Effective January 1, 2016.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 1 - General Provisions › Section 26003.

26003. If any provision of this part or the application thereof to any person or circumstance is held invalid, that invalidity shall not affect other provisions or applications of this part that can be given effect without the invalid provision or application, and to this end the provisions of this part are severable.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26100.

26100. Unless otherwise specified, the definitions set forth in this chapter govern the construction of this part.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26101.

26101. “Actuarial equivalent” means a benefit that has the same present value as the benefit it replaces based on interest rates and mortality tables recommended by the actuary and adopted by the board as a plan amendment.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26102.

26102. “Actuary” means a person professionally trained in the technical and mathematical aspects of insurance, pensions, and related fields who has been appointed by the board for the purpose of actuarial services required under this part.
(Amended by Stats. 1998, Ch. 965, Sec. 231. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26103.

26103. “Additional earnings credit” means a percentage determined by the board for a plan year by means of a plan amendment and credited to employee accounts and employer accounts on a specified date.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26104.

26104. “Administrative costs” means the costs of administering the Cash Balance Benefit Program for the plan year as determined by the board.
(Amended by Stats. 2000, Ch. 1025, Sec. 38. Effective January 1, 2001.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26105.

26105. “Annuitant Reserve” means the reserve account established by the board within the State Teachers’ Retirement Fund for the payment of monthly annuities with respect to the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 1048, Sec. 15. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26106.

26106. “Annuity” means an amount of money payable in monthly installments for a period determined by the option elected by the participant or beneficiary.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26106.5.

26106.5. (a) For purposes of this part, “annuity beneficiary” means the person or trust designated by a participant pursuant to Section 26807, 26807.5, 26906, or 26906.5 to receive an annuity upon the participant’s death.
(b) For purposes of this section, “trust” means an irrevocable trust with the following characteristics:
(1) The trust satisfies the requirements of subparagraph (A) or (C) of paragraph (4) of subdivision (d) of Section 1396p of Title 42 of the United States Code.
(2) The trust satisfies the requirements of Section 1.401(a)(9)-4 of Title 26 of the Code of Federal Regulations.
(3) The trust, or the account in a pooled trust, is for the sole benefit of a single beneficiary and other beneficiaries to the trust, if any, are successor beneficiaries.
(4) The beneficiary of the trust who is beneficiary with respect to the trust’s interest in the participant’s benefit shall be considered the designated beneficiary for the purpose of determining eligibility for, and the amount and duration of, benefits under the program.
(Added by Stats. 2016, Ch. 559, Sec. 13. (AB 1875) Effective January 1, 2017.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26107.

26107. “Basis of employment” means the standard of time over which the employer expects service to be performed by an employee in the position during the school term.
(Amended by Stats. 2018, Ch. 416, Sec. 26. (SB 1165) Effective January 1, 2019.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26108.

26108. “Beneficiary” means any person or persons or entity designated by the participant pursuant to this part or otherwise entitled by law to receive the death benefit under the plan.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26109.

26109. “Board” means the Teachers’ Retirement Board.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26112.

26112. “Cash Balance Benefit Program” means the benefit program set forth in this part of the State Teachers’ Retirement Law.
(Amended by Stats. 1998, Ch. 1048, Sec. 17. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26112.5.

26112.5. (a) “Class of employees” means a number of employees considered as a group because they are employed to perform similar duties, are employed in the same type of program, or share other similarities related to the nature of the work being performed.
(b) A class of employees may be comprised of one person if no other person employed by the employer performs similar duties, is employed in the same type of program, or shares other similarities related to the nature of the work being performed and that same class is in common use among other employers.
(c) The board shall have the right to override the determination by an employer as to whether or not a group or an individual constitutes a “class of employees” within the meaning of this section.
(d) This section shall be deemed to have become operative on July 1, 1996.
(Added by Stats. 1996, Ch. 1165, Sec. 37. Effective January 1, 1997.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26114.

26114. “Death benefit” means the benefit payable under this part upon the death of the participant.
(Amended by Stats. 1998, Ch. 1048, Sec. 18. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26115.

26115. “Defined Benefit Program” means the Defined Benefit Program of the State Teachers’ Retirement Plan as set forth in Part 13 (commencing with Section 22000).
(Amended by Stats. 1998, Ch. 1048, Sec. 19. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26116.

26116. “Disability benefit” means an amount payable under this part for permanent and total disability that is equal to the sum of the participant’s employee account and employer account as of the disability date and is payable pursuant to Section 26905, 26906, or 26906.5.
(Amended by Stats. 2006, Ch. 655, Sec. 65. Effective January 1, 2007.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26117.

26117. “Disability date” means the date the benefit becomes payable to a participant who has applied for a disability benefit from the plan under this part and has been determined to have a total and permanent disability.
(Amended by Stats. 1998, Ch. 965, Sec. 233. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26118.

26118. “Employee” means a person engaged to perform creditable service.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26119.

26119. “Employee account” means the nominal account of the participant to which employee contributions and interest and any additional earnings credits in respect thereof are credited under the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 234. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26120.

26120. “Employee contribution rate” means the percentage of the participant’s salary withheld by the employer as an employee contribution under the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 235. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26121.

26121. “Employee contribution” means the amount withheld from the participant’s salary by the employer as a contribution by the employee under the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 236. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26122.

26122. “Employer” means a school district, community college district, or county office of education that has elected to provide the benefits of this part to persons employed to perform creditable service. “Employer” shall not include the state.
(Amended by Stats. 1996, Ch. 608, Sec. 6. Effective September 19, 1996. Applicable from July 1, 1996, pursuant to Sec. 58 of Ch. 608.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26123.

26123. “Employer account” means the nominal account of the participant in which employer contributions on behalf of the participant and interest and any additional earnings credits in respect thereof are credited under the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 237. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26124.

26124. “Employer contribution rate” means the percentage of salary that determines the amount the employer contributes to the Cash Balance Benefit Program with respect to each employee who is a participant.
(Amended by Stats. 1998, Ch. 965, Sec. 238. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26125.

26125. “Employer contribution” means the amount contributed by the employer to the Cash Balance Benefit Program with respect to the participant.
(Amended by Stats. 1998, Ch. 965, Sec. 239. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26126.

26126. “Employed” or “employment” means employed to perform creditable service subject to coverage under the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 240. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26127.

26127. “Full time equivalent” means the days or hours of creditable service that a person who is employed on a part-time basis would be required to perform in a school term if he or she were employed full time, as defined by Section 22138.5, in that position.
(Amended by Stats. 2018, Ch. 416, Sec. 27. (SB 1165) Effective January 1, 2019.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26128.

26128. “Fund” means the Teachers’ Retirement Fund.
(Amended by Stats. 1998, Ch. 1048, Sec. 21. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26129.

26129. “Gain and Loss Reserve” means the reserve account established by the board within the fund with respect to the Cash Balance Benefit Program to be drawn upon to the extent necessary to credit interest to employee accounts and employer accounts at the minimum interest rate during years in which the plan’s investment earnings with respect to the Cash Balance Benefit Program are not sufficient for that purpose, and where necessary, to provide additions to the Annuitant Reserve for monthly annuity payments.
(Amended by Stats. 1998, Ch. 1048, Sec. 22. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26130.

26130. “Investment earnings” means income received or receivable during the plan year by the plan from investment of employee contributions, employer contributions, and prior investment earnings.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26131.

26131. “Minimum interest rate” means the annual rate determined for the plan year by the board by means of an amendment to the plan with respect to the Cash Balance Benefit Program in accordance with applicable federal laws and regulations.
(Amended by Stats. 1998, Ch. 965, Sec. 242. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26132.

26132. “Participant” means a person who has performed creditable service subject to coverage by the Cash Balance Benefit Program and who has contributions credited under the Cash Balance Benefit Program or is receiving an annuity under the Cash Balance Benefit Program by reason of creditable service or has not yet met the conditions of subdivision (b) of Section 26806.
(Amended by Stats. 2015, Ch. 123, Sec. 29. (AB 991) Effective January 1, 2016.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26132.5.

26132.5. (a) “Participant subject to the California Public Employees’ Pension Reform Act of 2013” means, notwithstanding subdivision (f) of Section 7522.04 of the Government Code, a person who first becomes employed to perform creditable service subject to coverage under the Cash Balance Benefit Program on or after January 1, 2013.
(b) A participant as defined in subdivision (a) does not include a person who was a member on or before December 31, 2012, of the California Public Employees’ Retirement System, the Legislators’ Retirement System, the University of California Retirement System, county retirement systems established under Chapter 3 (commencing with Section 31450) of Part 3 of Division 4 of Title 3 of the Government Code, or the San Francisco Employees’ Retirement System, and the person performed service in the other retirement system within the six months prior to the commencement of creditable service under the Cash Balance Benefit Program.
(c) This section shall be deemed to have become operative on January 1, 2013.
(Added by Stats. 2013, Ch. 559, Sec. 33. (AB 1381) Effective January 1, 2014. Deemed operative January 1, 2013, by Sec. 1 of Ch. 559.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26133.

26133. “Pay period” means a payroll period specified by the employer but not more than 31 calendar days.
(Amended by Stats. 1998, Ch. 965, Sec. 244. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26134.

26134. “Plan” means the State Teachers’ Retirement Plan.
(Amended by Stats. 1998, Ch. 1048, Sec. 23. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26135.

26135. “Plan year” means the calendar, policy, or fiscal year on which the records of the plan are kept, with respect to the Cash Balance Benefit Program. The board by means of plan amendment shall determine the plan year.
(Amended by Stats. 1999, Ch. 939, Sec. 77. Effective January 1, 2000.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26135.5.

26135.5. “Public employer” means a public employer as defined by subdivision (i) of Section 7522.04 of the Government Code.
(Added by Stats. 2013, Ch. 559, Sec. 34. (AB 1381) Effective January 1, 2014. Deemed operative January 1, 2013, by Sec. 1 of Ch. 559.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26135.7.

26135.7. (a) “Retired participant activities” means one or more activities identified in subdivision (b), (c), or (d) of Section 22119.5 or (b), (c), or (d) of Section 26113 within the California public school system and performed by a participant retired for service under this part as one of the following:
(1) An employee of an employer.
(2) An employee of a third party, except as specified in subdivision (b).
(3) An independent contractor.
(b) The activities of an employee of a third party shall not be included in the definition of “retired participant activities” if all of the following conditions apply:
(1) The employee performs an assignment of 24 months or less.
(2) The third-party employer does not participate in a California public pension system.
(3) The activities performed by the individual are not normally performed by employees of an employer, as defined in Section 22131.
(Amended by Stats. 2015, Ch. 782, Sec. 11. (AB 963) Effective January 1, 2016.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26136.

26136. “Retirement” means termination of employment and completion of all conditions precedent to receiving a retirement benefit under the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 245. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26137.

26137. “Retirement benefit” means an amount payable under this part in the event of the participant’s retirement for service that is equal to the sum of the participant’s employee account and employer account as of the retirement date and that is payable pursuant to Section 26806, 26807, or 26807.5.
(Amended by Stats. 2006, Ch. 655, Sec. 66. Effective January 1, 2007.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26138.

26138. “Retirement date” means the date the benefit under this part becomes payable to a participant who has applied for a retirement benefit from the plan under this part.
(Amended by Stats. 1998, Ch. 965, Sec. 246. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26140.

26140. (a) “Spouse” means the person married to the participant on the date the participant files a beneficiary designation, or an application for a benefit, or on the date of the participant’s death.
(b) Except as excluded in Sections 26004 and 27406, a person who is the registered domestic partner of the participant, as established pursuant to Section 297 or 299.2 of the Family Code, on the date the participant files a beneficiary designation or an application for a benefit, or on the date of the participant’s death, shall be treated in the same manner as a spouse.
(Amended by Stats. 2005, Ch. 418, Sec. 10. Effective January 1, 2006.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26142.

26142. “System” means the State Teachers’ Retirement System.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26142.5.

26142.5. “System’s headquarters office” means the office building established as the permanent headquarters facility for the system, pursuant to Section 22375.
(Added by Stats. 2015, Ch. 123, Sec. 31. (AB 991) Effective January 1, 2016.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26143.

26143. “Termination benefit” means a benefit that is an amount equal to the sum of the participant’s employee account and employer account payable under this part pursuant to the provisions of Chapter 13 (commencing with Section 27200).
(Amended by Stats. 1998, Ch. 965, Sec. 248. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26144.

26144. “Total and permanent disability” means any medically determinable physical or mental incapacity that is expected to prevent the participant from performing creditable service under this part for the employer for a continuous period of at least one year.
(Amended by Stats. 1998, Ch. 965, Sec. 249. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26144.5.

26144.5. “Trustee service” means duties performed by a member of the governing body of an employer.
(Added by Stats. 2000, Ch. 1020, Sec. 11. Effective January 1, 2001.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 2 - Definitions › Section 26145.

26145. “Unfunded actuarial obligation” means any negative balance in the Gain and Loss Reserve.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26200.

26200. Employee contributions, employer contributions, investment earnings, and any other amounts provided under this part shall be deposited into the Teachers’ Retirement Fund. Disbursement of money from the fund shall be made upon claims made pursuant to Section 26209 and duly audited in the manner prescribed for the disbursement of other public funds. Notwithstanding Section 13340 of the Government Code, the Teachers’ Retirement Fund is continuously appropriated for the payment of benefits and investment transactions pursuant to this part. Disbursements may be made to return funds deposited in the fund in error.
(Amended by Stats. 1998, Ch. 1048, Sec. 25. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26201.

26201. Investment earnings shall be collected by the Treasurer, and together with any other moneys received in connection with the Cash Balance Benefit Program, shall be immediately deposited to the credit of the Teachers’ Retirement Fund and reported to the system.
(Amended by Stats. 1998, Ch. 1048, Sec. 26. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26202.

26202. (a) The board shall establish a Gain and Loss Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority to administer the Gain and Loss Reserve to be drawn upon to the extent necessary to credit interest to employee accounts and employer accounts at the minimum interest rate during years in which the investment earnings of the plan with respect to the Cash Balance Benefit Program are not sufficient for that purpose, and, where necessary, to provide additions to the Annuitant Reserve for monthly annuity payments.
(b) The board shall establish and periodically review goals regarding the sufficiency of the Gain and Loss Reserve based on the recommendation of the actuary.
(c) In the event that the total amount of investment earnings of the plan with respect to the Cash Balance Benefit Program for any plan year exceeds the sum of the total amount required to credit all employee and employer accounts at the minimum interest rate for the plan year plus the administrative costs of the plan with respect to the Cash Balance Benefit Program for the plan year, the board shall determine the amount, if any, that is to be credited to the Gain and Loss Reserve for the plan year. That determination shall be made upon recommendation of the actuary based on the actuarial valuation undertaken following the plan year pursuant to Section 26211 but no later than June 30 following the end of the plan year. In determining whether an amount is to be credited to the Gain and Loss Reserve, the board shall consider the sufficiency of the reserve in light of the goal established for the sufficiency and the recommendations of the actuary.
(Amended by Stats. 2016, Ch. 218, Sec. 40. (SB 1352) Effective January 1, 2017.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26203.

26203. The board may amortize any unfunded actuarial obligation in accordance with standards established by the Actuarial Standards Board and Governmental Accounting Standards Board.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26204.

26204. The board shall establish an Annuitant Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority to administer the Annuitant Reserve for the payment of annuities. The board may transfer the credits from a participant’s employee account and employer account to the Annuitant Reserve upon election of an annuity by the participant or beneficiary of the participant.
(Amended by Stats. 1998, Ch. 1048, Sec. 28. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26205.

26205. The board may transfer amounts between the Gain and Loss Reserve and the Annuitant Reserve upon the recommendation of the actuary.
(Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26206.

26206. All administrative costs of the board and system for the plan with respect to the Cash Balance Benefit Program shall be paid from the Teachers’ Retirement Fund.
(Amended by Stats. 1998, Ch. 1048, Sec. 29. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26207.5.

26207.5. In no event shall the funding of the Cash Balance Benefit Program be a liability of the state or the General Fund, nor shall the General Fund be used to offset or fund any liabilities attributed to the operation of the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 1048, Sec. 31. Effective January 1, 1999.)
2023 California Code › Education Code - EDC › TITLE 1 - GENERAL EDUCATION CODE PROVISIONS › DIVISION 1 - GENERAL EDUCATION CODE PROVISIONS › PART 14 - STATE TEACHERS RETIREMENT SYSTEM CASH BENEFIT PROGRAM › CHAPTER 3 - Plan Administration › Section 26208.

26208. The board shall establish and maintain records and accounts following recognized accounting principles and controls with respect to the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 250. Effective January 1, 1999.)