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Education Code - EDC - EDC § 25018.1
Education Code - EDC - EDC § 25018.1
(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
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Education Code - EDC - EDC § 25018.2
Education Code - EDC - EDC § 25018.2
(a) A member who is disabled and elected an annuity pursuant to Section 25018 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 elected a period certain annuity may not change hi
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Education Code - EDC - EDC § 25018.5
Education Code - EDC - EDC § 25018.5
When a disabled member returns to work in his or her former position of employment or in a comparable level position and within six months of return experiences a recurrence of the original disability, it shall be considered, for the purpose of determining the duration of the dis
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Education Code - EDC - EDC § 25018.6
Education Code - EDC - EDC § 25018.6
(a) A member receiving a disability retirement allowance who elected a beneficiary annuity pursuant to Section 25018.1 with a 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 th
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Education Code - EDC - EDC § 25019
Education Code - EDC - EDC § 25019
(a) If a member’s disability allowance or disability retirement allowance under this part is terminated, payment of a disability annuity based on the balance of credits transferred from the member’s Defined Benefit Supplement account to the Annuitant Reserve also shall terminate.
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Education Code - EDC - EDC § 25020
Education Code - EDC - EDC § 25020
(a) A final benefit under the Defined Benefit Supplement Program shall become payable when the system receives proof of the member’s death. For a member who died on or after January 1, 2010, no benefit shall be paid to a beneficiary of the member pursuant to other chapters of thi
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Education Code - EDC - EDC § 25021
Education Code - EDC - EDC § 25021
(a) A beneficiary, other than an entity, may elect to receive the final benefit payable under the Defined Benefit Supplement Program as an annuity payable in monthly installments provided the balance of credits in the member’s Defined Benefit Supplement account that is payable to
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Education Code - EDC - EDC § 25022
Education Code - EDC - EDC § 25022
(a) If the death of a member occurs while the member is receiving an annuity under the Defined Benefit Supplement Program, the final benefit shall be payable in accordance with the terms of the annuity elected by the member. (b) If the member was receiving a single life annuity w
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Education Code - EDC - EDC § 25022.5
Education Code - EDC - EDC § 25022.5
(a) If the death of a nonmember spouse occurs while the nonmember spouse is receiving an annuity under the Defined Benefit Supplement Program, the final benefit shall be payable in accordance with the terms of the annuity elected by the nonmember spouse. (b) If the nonmember spou
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Education Code - EDC - EDC § 25023
Education Code - EDC - EDC § 25023
(a) Upon the death of an annuity beneficiary who was receiving an annuity under a joint and survivor annuity elected by the member no further payment shall be made other than the accrued annuity for the month in which the annuity beneficiary’s death occurred, which shall be paid
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Education Code - EDC - EDC § 25024
Education Code - EDC - EDC § 25024
(a) Upon the termination of all employment to perform creditable service subject to coverage under the plan for a reason other than retirement, disability, or death, a member shall be eligible for a termination benefit under the Defined Benefit Supplement Program. (b) A member sh
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Education Code - EDC - EDC § 25024.5
Education Code - EDC - EDC § 25024.5
A member who is reemployed and again performs creditable service subject to coverage under the plan may not receive a termination benefit under this part if less than five years have elapsed following the date the most recent termination benefit was distributed to the member. Thi
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Education Code - EDC - EDC § 25025
Education Code - EDC - EDC § 25025
(a) A termination benefit under the Defined Benefit Supplement Program shall be payable after 180 calendar days have elapsed following the date the member terminated employment as specified in Section 25024. (b) Except as provided in subdivision (c), the application for the termi
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Education Code - EDC - EDC § 251
Education Code - EDC - EDC § 251
(a) A school district shall submit timely, complete, and accurate compliance reports to the State Department of Education as that entity may require. (b) All reports submitted pursuant to this section shall be made available by the educational institution for public inspection du
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Education Code - EDC - EDC § 25100
Education Code - EDC - EDC § 25100
(a) The board shall establish a vendor registration process through which information about tax-deferred retirement investment products as described in Section 403(b) of the Internal Revenue Code of 1986 shall be made available for consideration by public employees of all local s
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Education Code - EDC - EDC § 25101
Education Code - EDC - EDC § 25101
A prospective vendor of 403(b) products that offers those products, or the products of other 403(b) vendors, to employers and their eligible employees, shall register those products with the board pursuant to this chapter. Registered vendors shall offer only registered 403(b) pro
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Education Code - EDC - EDC § 25102
Education Code - EDC - EDC § 25102
Registration shall be offered to vendors once annually, and renewal of registration shall be required at least once every five years thereafter for vendors that wish to continue to participate. The board shall provide public notice prior to the initial registration, annual regist
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Education Code - EDC - EDC § 25103
Education Code - EDC - EDC § 25103
(a) The board may remove a vendor from the registry if the vendor submits materially inaccurate information to the board, does not remit assessed fees within 60 days, or fails to submit notice of material changes to its registered investment products, pursuant to Section 25102. V
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Education Code - EDC - EDC § 25104
Education Code - EDC - EDC § 25104
(a) The board shall maintain an impartial investment information bank, via an Internet Web site, containing the information required by Section 25101 about the retirement investment products offered by each registered vendor and objective comparisons of vendors and types of produ
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Education Code - EDC - EDC § 25105
Education Code - EDC - EDC § 25105
The board shall include notice of the existence of, and the Internet Web site address for, the impartial investment information bank in each newsletter sent to members. The board shall include a notice in the individual account statements of members of the Defined Benefit Program
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Education Code - EDC - EDC § 25106
Education Code - EDC - EDC § 25106
The board shall design the information bank Internet Web site and include retirement investment product plan information and education materials taken from and referenced to the Internal Revenue Service, the Securities and Exchange Commission, the National Association of Insuranc
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Education Code - EDC - EDC § 25107
Education Code - EDC - EDC § 25107
A vendor may not charge a fee associated with a registered 403(b) product that is not disclosed, pursuant to Section 25101.
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Education Code - EDC - EDC § 25108
Education Code - EDC - EDC § 25108
(a) The actual cost of establishing the vendor registration system and the investment information bank shall be borne equally by registered vendors, based on the total number of registered vendors. Each registered vendor shall pay a one-time establishment fee equal to a pro rata
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Education Code - EDC - EDC § 25109
Education Code - EDC - EDC § 25109
(a) The board and the system, and its officers and employees, are not responsible for, and may not be held liable for the adequacy of the information provided by the participating vendors contained in the information bank. The information bank maintained by the board serves only
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Education Code - EDC - EDC § 25110
Education Code - EDC - EDC § 25110
The board shall complete the initial registration process on or before July 1, 2004.