Corpus browser
179663 records-
Open
Education Code - EDC - EDC § 25000.5
Education Code - EDC - EDC § 25000.5
The design and administration of the Defined Benefit Supplement Program shall comply with the applicable provisions of the Internal Revenue Code and the Revenue and Taxation Code. The board may amend the plan with respect to the Defined Benefit Supplement Program to do any of the
-
Open
Education Code - EDC - EDC § 25000.7
Education Code - EDC - EDC § 25000.7
(a) A member shall have a vested right to a benefit under the Defined Benefit Supplement Program in an amount equal to the balance of credits in the member’s Defined Benefit Supplement account. That right shall accrue when the member’s Defined Benefit Supplement account is establ
-
Open
Education Code - EDC - EDC § 25000.9
Education Code - EDC - EDC § 25000.9
(a) For purposes of this chapter and Section 23300, “nonmember spouse” means a member’s spouse or former spouse who is being or has been awarded a community property interest in the service credit, accumulated retirement contributions, accumulated Defined Benefit Supplement accou
-
Open
Education Code - EDC - EDC § 25001
Education Code - EDC - EDC § 25001
(a) The board shall establish a segregated account within the retirement fund to be known as the Gain and Loss Reserve, and the board shall have sole authority over the reserve. The Gain and Loss Reserve shall be maintained for the Defined Benefit Supplement Program and may be us
-
Open
Education Code - EDC - EDC § 25002
Education Code - EDC - EDC § 25002
The board shall establish and maintain a segregated account within the retirement fund to be known as the Annuitant Reserve and the board shall have sole authority over the reserve. The Annuitant Reserve shall be used for the payment of annuities under the Defined Benefit Supplem
-
Open
Education Code - EDC - EDC § 25003
Education Code - EDC - EDC § 25003
The board may transfer amounts between the Gain and Loss Reserve and the Annuitant Reserve upon the recommendation of the actuary.
-
Open
Education Code - EDC - EDC § 25004
Education Code - EDC - EDC § 25004
Member accounts under the Defined Benefit Supplement Program shall be nominal accounts. Member contributions and employer contributions on behalf of the member that are specifically identified as creditable to the Defined Benefit Supplement Program shall be treated as credits to
-
Open
Education Code - EDC - EDC § 25005
Education Code - EDC - EDC § 25005
(a) Prior to July 1 of the initial plan year, and prior to the beginning of each plan year thereafter, the board shall adopt a plan amendment with respect to the Defined Benefit Supplement Program to declare the rate at which interest shall be credited to Defined Benefit Suppleme
-
Open
Education Code - EDC - EDC § 25006
Education Code - EDC - EDC § 25006
(a) The board may declare an additional earnings credit to be applied to Defined Benefit Supplement accounts for a plan year. Prior to declaring an additional earnings credit, the board shall consider all of the following: (1) Whether the plan’s investment earnings with respect t
-
Open
Education Code - EDC - EDC § 25007
Education Code - EDC - EDC § 25007
When the board declares an additional earnings credit for a plan year, the board also may declare by plan amendment an additional annuity credit, for members and annuity beneficiaries who are receiving an annuity as of the date specified by the board pursuant to Section 25006, ba
-
Open
Education Code - EDC - EDC § 25008
Education Code - EDC - EDC § 25008
A member’s right to an amount equal to the member’s Defined Benefit Supplement account balance shall be vested at the time contributions are initially credited to the member’s account.
-
Open
Education Code - EDC - EDC § 25008.5
Education Code - EDC - EDC § 25008.5
Notwithstanding any other law, if (a) a member or beneficiary whose effective date for a benefit received pursuant to any other chapter of this part was prior to January 1, 2010, (b) the member or beneficiary was required to receive a distribution of the balance of credits from t
-
Open
Education Code - EDC - EDC § 25009
Education Code - EDC - EDC § 25009
(a) A member’s retirement benefit under the Defined Benefit Supplement Program shall be an amount equal to the balance of credits in the member’s Defined Benefit Supplement account on the date the retirement benefit becomes payable. (b) A retirement benefit shall be a lump-sum pa
-
Open
Education Code - EDC - EDC § 25010
Education Code - EDC - EDC § 25010
(a) A member who meets the following eligibility requirements shall receive a retirement benefit under the Defined Benefit Supplement Program: (1) The member has terminated all employment to perform creditable service subject to coverage by the plan. The member’s employer, or emp
-
Open
Education Code - EDC - EDC § 25011
Education Code - EDC - EDC § 25011
(a) A member or nonmember spouse may elect to receive the retirement benefit as an annuity payable in monthly installments, provided the balance of credits in the member’s or nonmember spouse’s respective Defined Benefit Supplement account on the date the retirement benefit becom
-
Open
Education Code - EDC - EDC § 25011.1
Education Code - EDC - EDC § 25011.1
(a) A member may elect to receive the retirement benefit as an annuity payable in monthly installments, provided the balance of credits in the member’s Defined Benefit Supplement account on the date the retirement benefit becomes payable equals at least three thousand five hundre
-
Open
Education Code - EDC - EDC § 25011.5
Education Code - EDC - EDC § 25011.5
(a) A member who retired and elected an annuity pursuant to Section 25011 may elect to change annuities, subject to all of the following: (1) A member who elected a single life annuity with or without a cash refund feature or elects a period certain annuity may not change his or
-
Open
Education Code - EDC - EDC § 25011.6
Education Code - EDC - EDC § 25011.6
(a) A member who retired and elected a beneficiary annuity pursuant to Section 25011.1 with his or her same-sex spouse or same-sex former spouse designated as annuity beneficiary pursuant to Section 25015 may elect to change his or her annuity subject to the following: (1) A memb
-
Open
Education Code - EDC - EDC § 25012
Education Code - EDC - EDC § 25012
(a) Except as provided in subdivision (b), an annuity payable under the Defined Benefit Supplement Program shall be determined as a value actuarially equivalent to the balance of credits in the member’s Defined Benefit Supplement Program account on the member’s retirement date an
-
Open
Education Code - EDC - EDC § 25013
Education Code - EDC - EDC § 25013
Upon election by the member to receive a benefit payable under the Defined Benefit Supplement Program in the form of an annuity, the balance of credits in the member’s Defined Benefit Supplement account shall be transferred to the Annuitant Reserve.
-
Open
Education Code - EDC - EDC § 25014
Education Code - EDC - EDC § 25014
(a) If a member reinstates from service retirement under this part, payment of a retirement annuity based on the balance of credits that was transferred from the member’s Defined Benefit Supplement account to the Annuitant Reserve shall terminate. The member’s Defined Benefit Sup
-
Open
Education Code - EDC - EDC § 25015
Education Code - EDC - EDC § 25015
(a) If a member elects to receive a benefit payable under the Defined Benefit Supplement Program as a joint and survivor annuity, the designation of the beneficiary made pursuant to Section 24300 or 24300.1 shall apply to the benefit payable under this chapter. The annuity benefi
-
Open
Education Code - EDC - EDC § 25016
Education Code - EDC - EDC § 25016
(a) A member’s disability benefit under the Defined Benefit Supplement Program shall be an amount equal to the balance of credits in the member’s Defined Benefit Supplement account on the date the disability benefit becomes payable. (b) A disability benefit shall be a lump-sum pa
-
Open
Education Code - EDC - EDC § 25017
Education Code - EDC - EDC § 25017
(a) A member shall receive a disability benefit under the Defined Benefit Supplement Program beginning on the effective date of the member’s disability allowance pursuant to Chapter 25 (commencing with Section 24001) or a disability retirement allowance pursuant to Chapter 26 (co
-
Open
Education Code - EDC - EDC § 25018
Education Code - EDC - EDC § 25018
(a) A member may elect to receive the disability benefit as an annuity, payable in monthly installments, provided the balance of credits in the member’s Defined Benefit Supplement account on the date the disability benefit becomes payable equals at least three thousand five hundr