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Education Code - EDC - EDC § 26119
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26120
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26121
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26122
Education Code - EDC - EDC § 26122
(a) “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. (b) The board shall have final author
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Education Code - EDC - EDC § 26123
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26124
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26125
Education Code - EDC - EDC § 26125
“Employer contribution” means the amount contributed by the employer to the Cash Balance Benefit Program with respect to the participant.
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Education Code - EDC - EDC § 26126
Education Code - EDC - EDC § 26126
“Employed” or “employment” means employed to perform creditable service subject to coverage under the Cash Balance Benefit Program.
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Education Code - EDC - EDC § 26127
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26128
Education Code - EDC - EDC § 26128
“Fund” means the Teachers’ Retirement Fund.
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Education Code - EDC - EDC § 26129
Education Code - EDC - EDC § 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 y
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Education Code - EDC - EDC § 26130
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26131
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26132
Education Code - EDC - EDC § 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 credi
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Education Code - EDC - EDC § 26132.5
Education Code - EDC - EDC § 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
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Education Code - EDC - EDC § 26133
Education Code - EDC - EDC § 26133
“Pay period” means a payroll period specified by the employer but not more than 31 calendar days.
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Education Code - EDC - EDC § 26134
Education Code - EDC - EDC § 26134
“Plan” means the State Teachers’ Retirement Plan.
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Education Code - EDC - EDC § 26135
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26135.5
Education Code - EDC - EDC § 26135.5
“Public employer” means a public employer as defined by subdivision (i) of Section 7522.04 of the Government Code.
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Education Code - EDC - EDC § 26135.7
Education Code - EDC - EDC § 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 on
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Education Code - EDC - EDC § 26136
Education Code - EDC - EDC § 26136
“Retirement” means termination of employment and completion of all conditions precedent to receiving a retirement benefit under the Cash Balance Benefit Program.
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Education Code - EDC - EDC § 26137
Education Code - EDC - EDC § 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
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Education Code - EDC - EDC § 26138
Education Code - EDC - EDC § 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.
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Education Code - EDC - EDC § 26139
Education Code - EDC - EDC § 26139
(a) “Salary” means remuneration paid in cash by an employer to a participant for creditable service performed in that position subject to coverage under the Cash Balance Benefit Program. Salary shall include: (1) Money paid in accordance with a publicly available written contract
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Education Code - EDC - EDC § 26139.5
Education Code - EDC - EDC § 26139.5
(a) “Salary,” for participants subject to the California Public Employees’ Pension Reform Act of 2013, means remuneration paid each pay period in cash by an employer to a participant for creditable service performed in that position subject to coverage under the Cash Balance Bene