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Education Code - EDC - EDC § 24930
Education Code - EDC - EDC § 24930
Absence from service by reason of a leave of absence granted by the governing board of an employing district shall not be construed as a break in the continuity of service or by any district retirement plan adopted pursuant to the provisions hereof, but the period of leave shall
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Education Code - EDC - EDC § 24931
Education Code - EDC - EDC § 24931
Time of service may be counted in the aggregate and fractions of years amounting to whole years may be counted as whole years when payments by the teacher or other employee have been made for all of the time counted.
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Education Code - EDC - EDC § 24932
Education Code - EDC - EDC § 24932
The governing boards of the districts shall in all cases determine the teachers and other employees who are entitled to retirement salaries, and make and keep a list of the teachers and other employees, known as the retired list. For the purpose of making the retired list the boa
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Education Code - EDC - EDC § 24933
Education Code - EDC - EDC § 24933
The governing boards of the districts may make all necessary and proper rules and regulations in aid or furtherance of the provisions of this chapter and in order to carry out and administer the provisions.
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Education Code - EDC - EDC § 24934
Education Code - EDC - EDC § 24934
When a joint district retirement plan is established there shall be created in the treasury of the county in which the districts are located, or, if the districts are located in more than one county, in the treasury of the county selected by the governing boards of the districts
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Education Code - EDC - EDC § 24935
Education Code - EDC - EDC § 24935
Members of governing boards shall discharge the powers, duties, purposes, responsibilities, and jurisdiction conferred or imposed upon the governing boards under this chapter without extra or additional compensation.
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Education Code - EDC - EDC § 24936
Education Code - EDC - EDC § 24936
The governing boards of the districts establishing the retirement plan shall provide for the administration of the funds and the payment of retirement salaries by a joint district retirement board composed of three persons not officers or employees of any of the districts, one re
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Education Code - EDC - EDC § 24937
Education Code - EDC - EDC § 24937
(a) The joint district retirement board shall have charge and control of the district retirement fund of the district and of the payment of all retirement salaries and annuities payable from the fund. The joint district retirement board shall invest the funds in securities that a
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Education Code - EDC - EDC § 24938
Education Code - EDC - EDC § 24938
The joint district retirement board may sue in its own name when necessary to carry out the powers and duties conferred upon it. The district attorney, or, if there is a county counsel, the county counsel of the county in which are employed the largest number of employees entitle
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Education Code - EDC - EDC § 24939
Education Code - EDC - EDC § 24939
All securities purchased by the joint district retirement board shall be deposited with the county treasurer for safekeeping.
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Education Code - EDC - EDC § 24940
Education Code - EDC - EDC § 24940
(a) All payments from the joint district retirement fund shall be made in the same manner as payments from school district funds but shall be subject to approval of the joint district retirement board. Warrants drawn on the fund shall be signed by at least one member of the joint
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Education Code - EDC - EDC § 24941
Education Code - EDC - EDC § 24941
The county auditor of the county in the county treasury of which the “joint district retirement fund” is created shall audit the accounts of the joint district retirement board at least once every 12 months and report upon the financial condition thereof to the governing boards o
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Education Code - EDC - EDC § 24942
Education Code - EDC - EDC § 24942
The retirement salaries provided for in this chapter shall be in addition to any other retirement salaries received by any person under Chapter 1 (commencing with Section 22000) to Chapter 31 (commencing with Section 24600), inclusive, or as may be otherwise provided by law.
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Education Code - EDC - EDC § 24943
Education Code - EDC - EDC § 24943
The retirement salaries provided for in this chapter for all other employees, shall be in addition to any other retirement salaries that may be provided by law.
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Education Code - EDC - EDC § 24944
Education Code - EDC - EDC § 24944
Whenever by the provisions of this chapter, the governing boards of two or more school districts are required, or authorized, to perform any act, the act may be done only at joint meetings of the boards, and no action shall be taken by the boards except upon the affirmative vote
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Education Code - EDC - EDC § 24950
Education Code - EDC - EDC § 24950
(a) An annuity contract and custodial account as described in Section 403(b) of the Internal Revenue Code of 1986 shall be offered to : (1) All employees of any state agency who are members of the plan under this part. (2) Any employee of a local public agency or political subdiv
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Education Code - EDC - EDC § 24950.5
Education Code - EDC - EDC § 24950.5
(a) The system may administer an individual retirement plan as described in Section 408A of Title 26 of the United States Code for the purpose of accepting a rollover from an annuity contract or custodial account offered by the system pursuant to this chapter to the extent the ro
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Education Code - EDC - EDC § 24951
Education Code - EDC - EDC § 24951
If the rate of participation in the annuity contract and custodial account is less than 2 percent of active members in the Defined Benefit Program upon the completion of the initial five years of administration, the board may elect to terminate the offering of the annuity contrac
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Education Code - EDC - EDC § 24952
Education Code - EDC - EDC § 24952
(a) Any annuity contract and custodial account advertised, promoted, or offered through one or more third-party service providers, shall provide for recovery, from the employees who participate, of all costs and expenses of its own administration, including, but not limited to, a
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Education Code - EDC - EDC § 24953
Education Code - EDC - EDC § 24953
(a) For purposes of this section, the following definitions shall apply: (1) “Annuity contract” means an annuity contract described in Section 403(b) of the Internal Revenue Code that is available to employees as described in Section 770.3 of the Insurance Code. (2) “Custodial ac
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Education Code - EDC - EDC § 24975
Education Code - EDC - EDC § 24975
(a) The board may develop one or more deferred compensation plans under Section 457 of the Internal Revenue Code that an employer may choose to establish and offer to its employees who are members or participants of the plan under this part or Part 14 (commencing with Section 260
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Education Code - EDC - EDC § 24976
Education Code - EDC - EDC § 24976
(a) (1) The Teachers’ Deferred Compensation Fund is hereby established to serve as the repository of funds received by the system pursuant to this chapter, Chapter 36 (commencing with Section 24950) or Chapter 39 (commencing with Section 25100). (2) Except as described in paragra
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Education Code - EDC - EDC § 24977
Education Code - EDC - EDC § 24977
(a) An employer that employs persons to perform creditable service subject to coverage by the plan under this part that offers a deferred compensation plan as described in Section 457 of the Internal Revenue Code may enter into a written contract with the system for services rega
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Education Code - EDC - EDC § 250
Education Code - EDC - EDC § 250
Prior to receipt of any state financial assistance or state student financial aid, an educational institution shall provide assurance to the agency administering the funds, in the manner required by the funding agency, that each program or activity conducted by the educational in
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Education Code - EDC - EDC § 25000
Education Code - EDC - EDC § 25000
The Defined Benefit Supplement Program is hereby established to provide supplemental benefits for members of the Defined Benefit Program. The Teachers’ Retirement Board shall administer the Defined Benefit Supplement Program in accordance with the provisions of this part.